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Fly News Breaks for March 2, 2020
JBSS
Mar 2, 2020 | 09:17 EDT
As previously reported, Sidoti analyst Christopher McGinnis upgraded John B. Sanfilippo & Son to Buy from Neutral with an unchanged price target of $94. The shares were off 11% last week, which was largely in-line with the 12% decline in the Russell 2000 index due to the coronavirus scare's impact on the market, but McGinnis thinks Covid-19 will have little effect on the company. John B. Sanfilippo imports pepitas and pine-nuts from China, but can source from other regions if neeedd and has more than a six month supply, McGinnis tells investors.
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