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Fly News Breaks for August 5, 2019
FLO
Aug 5, 2019 | 09:01 EDT
DA Davidson analyst Brian Holland initiated Flowers Foods with a Neutral rating and a price target of $24. The analyst notes that the current backdrop in the packaged fresh bread space is favorable with lower input cost inflation generating higher pricing and lower merchandizing, but also believes that this dynamic is "baked into the stock" at its current valuation.
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