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Fly News Breaks for December 9, 2016
FLO
Dec 9, 2016 | 15:53 EDT
Jefferies analyst Akshay Jagdale called Flowers Foods' settlement in the Rehberg case, which was the furthest along of the 24 such cases outstanding, a "major positive" that should significantly reduce the tail risk on the stock. The analyst keeps a Buy rating and $20 price target on Flowers Foods shares.
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