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Fly News Breaks for January 22, 2020
JJSF
Jan 22, 2020 | 18:07 EDT
Jefferies analyst Rob Dickerson initiated coverage of J & J Snack Foods with a Hold rating and $200 price target. The analyst is positive on the company's overcapitalized position, clean balance sheet and "sticky" customer base, but he is concerned with its 40-times enterprise value to expected EBITDA valuation, which is nearly an all-time high.
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