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UPDATE: KeyBanc Upgrades Bob Evans Farms to Buy on Value-Creating Initiatives

Related BOBE
Stocks to Watch for October 15, 2014
Bob Evans Announces Changes to Its Board Structure and Committee Assignments

KeyBanc raised its rating on Bob Evans Farms (NASDAQ: BOBE) from Hold to Buy and established a $45 price target.

KeyBanc noted, "We believe the Company is on the cusp of implementing several value-creating initiatives that should result in better-than-expected earnings and cash flows, and cause shares to be re-rated during the next 12 months. These initiatives include: 1) the sale of Mimi's Cafe; 2) the realization of growth in the higher-margin food packaging business; and 3) the ability to build SRS from the Bob Evans remodel program."

Bob Evans Farms closed at $37.19 on Tuesday.

Latest Ratings for BOBE

DateFirmActionFromTo
Sep 2014CL KingUpgradesSellNeutral
Aug 2014Stephens & Co.DowngradesEqual-weightUnderweight
Apr 2014CL KingDowngradesNeutralSell

View More Analyst Ratings for BOBE
View the Latest Analyst Ratings

Posted-In: KeyBancAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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