Information Provided By:
Fly News Breaks for August 8, 2016
FLO
Aug 8, 2016 | 09:08 EDT
Pivotal Research analyst Timothy Ramey reports that his firm's Freedom of Information Act request to the Department of Labor regarding any investigations into Flowers Foods was replied to with a "7(A) exemption," meaning the department was unresponsive because the information requested may "interfere with enforcement proceedings." The analyst, who says an undisclosed DOL investigation into Flowers is "reasonable to assume" given then FOIA reply, reiterates a Sell rating and $8 price target on the stock, saying the misclassification issue that he thinks the DOL is pursuing would be a "huge case."
News For FLO From the Last 2 Days
There are no results for your query FLO