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Fly News Breaks for January 19, 2016
SNAK
Jan 19, 2016 | 07:52 EDT
Canaccord lowered its price target on Inventure Foods to $9 from $12. The firm said its long-term thesis that the healthy and frozen side of its portfolio should post solid growth remains unchanged. Canaccord believes 2016 has become a transitional year and the recent bridge re-financing was the basis for nearly all of its earnings reduction. Canaccord maintained its Buy rating on Inventure Foods shares.
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