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Fly News Breaks for January 22, 2020
FLO
Jan 22, 2020 | 18:18 EDT
Jefferies analyst Rob Dickerson initiated coverage of Flowers Foods with a Hold rating and $23 price target. The analyst believes that the company remains well-positioned to continue generating better revenue growth than many of its peers and offers margin expansion potential through supply chain optimization, but he sees the current risk-reward on the stock as balanced.
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