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Fly News Breaks for December 7, 2017
CENT
Dec 7, 2017 | 16:11 EDT
CL King resumed coverage on Central Garden & Pet with a Buy and $47 price target saying estimates are too low, the company has numerous opportunities for bolt-on acquisitions, and is positive on CEO George Roeth's ability to drive the bottom line. The firm's analyst believes management execution could be an underappreciated part of the story and that either acquiring growth, perhaps marijuana-related products, or spinning/selling off the garden business could represent share upside that is not yet priced into the stock.
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