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Fly News Breaks for November 21, 2019
LANC
Nov 21, 2019 | 17:27 EDT
DA Davidson analyst Brian Holland initiated coverage of Lancaster Colony with a Neutral rating and $160 price target. The analyst notes that while the company offers "multiple paths to long term sales and profit growth," he sees the valuation on the stock reflecting those positives, particularly with the shares up 15% after the Q1 earnings beat. As commodity tailwinds abate and the food service momentum slows, Holland adds that the trends seen in Q1 results may not be sustainable.
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