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Fly News Breaks for August 17, 2018
SPTN
Aug 17, 2018 | 08:52 EDT
BMO Capital analyst Kelly Bania lowered her price target on SpartanNash to $23 from $25 as its positive momentum was "derailed" with a Q2 earnings miss, driven by the voluntary recall of melons in June and delayed timelines for other initiatives. The analyst kept her Outperform rating however, citing the company's "potential for stabilization" as a result of "major reinvestment of tax savings, recovery from recall pressures, and still solid underlying distribution sales momentum".
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