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Fly News Breaks for January 10, 2020
SMPL
Jan 10, 2020 | 06:57 EDT
Wells Fargo analyst John Baumgartner recommends buying shares of Simply Good Foods on yesterday's selloff. The company's fiscal Q1 revenue missed expectations but its fiscal 2020 EBITDA guidance beat, Baumgartner tells investors in a research note. The post-earnings selloff was "far worse than warranted," says Baumgartner, who keeps an Overweight rating on the shares with a $35 price target.
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