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Fly News Breaks for July 28, 2016
SNAK
Jul 28, 2016 | 09:09 EDT
Roth Capital analyst Anton Brenner says Inventure Foods continues to recover from the disruptions in the snack and Fresh Frozen businesses of last year, and an acceleration in sales and profit margin improvement is likely in the second half of 2016. The analyst also points out that the company announced that its Board will commence a strategic and financial review with the objective to increase shareholder value, which appears to increase the chance of an acquisition. He reiterates a Buy rating and $10 price target on the shares.
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