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Fly News Breaks for January 22, 2020
SMPL
Jan 22, 2020 | 17:29 EDT
Jefferies analyst Rob Dickerson initiated coverage of Simply Good Foods with a Buy rating and $30 price target. The analyst says the company is the "fastest growing publicly-traded food company" he knows, also offering a "successful marketing plan and a proven management team". Dickerson adds that Simply Good Foods offers an asset-light business model and high free cash flow, which support its forward funding ability for future acquisitions.
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