KeyBanc analyst Jason Gere upgraded Central Garden & Pet to Overweight with a $44 price target citing favorable risk/reward at current levels given top and bottom one growth above the peer average in FY18 and beyond. The analyst said Central Garden's categories remain healthy and the company is gaining share, tax reform will be a meaningful benefit to FY18 earnings, margin opportunities exist to drive long-term earnings power, management is likely to continue to pursue accretive M&A to build scale, and management has a track record of growth and execution.