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Fly News Breaks for February 26, 2019
CHEF
Feb 26, 2019 | 06:32 EDT
Loop Capital analyst Andrew Wolf has a positive view of Chefs' Warehouse acquisition of Bassian Farms, noting that while the terms were not stated, he sees it as a "low-risk, moderate-reward tuck-in" deal that fits well with its Del Monte protein business. The analyst expects the acquisition to be "increasingly accretive over time", keeping his Hold rating and $41 price target on the shares.
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