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Fly News Breaks for January 10, 2020
SMPL
Jan 10, 2020 | 07:09 EDT
Goldman Sachs analyst Jason English acknowledges that Simply Good Foods' headline Q1 results fell short of consensus expectations, but he contends the headlines "are distorted by M&A timing." Organic sales growth of roughly 12% "impressed" and the sales shortfall is "entirely due to less M&A contribution," according to English, who also said he view the company's guidance as "good-enough (if not outright good)." The analyst, who recommends buying shares amid any weakness at the open, has a Buy rating and $32 price target on Simply Good shares.
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