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Fly News Breaks for December 11, 2019
SMPL
Dec 11, 2019 | 16:27 EDT
Deutsche Bank analyst Faiza Alwy resumed coverage of Simply Good Foods with a Buy rating and $32 price target. The analyst notes that in spite of the year-to-date outperformance of 23%, she sees the company as "well positioned" to grow within the category that is benefiting from health and wellness consumer tailwinds. Alway adds that while comps may slow in the near term due to tough comparisons, she still expects Simply Good Foods to deliver same store sales above the 4%-6% trend.
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