Barclays analyst Andrew Lazar lowered the firm’s price target on B&G Foods to $7 from $8 and keeps an Equal Weight rating on the shares. Based on the company’s Q3 results as well as trends discussed by some other packaged food reporters more recently, it now seems increasingly clear that 2025 will be what 2025 was supposed to be for the packaged food industry, given the much discussed elongated volume recovery, the analyst tells investors in a research note.
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Read More on BGS:
- B&G Foods price target lowered to $7.50 from $8 at TD Cowen
- B&G Foods Reports Q3 2024 Financial Results
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- B&G Foods Reports Q3 2024 Sales Decline
- B&G Foods reports Q3 adjusted EPS 13c, consensus 20c
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