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UPDATE: Deutsche Bank Upgrades Flowers Foods to Buy on Strategic Activity

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Flowers Foods (FLO) Allen L. Shiver on Q4 2015 Results - Earnings Call Transcript (Seeking Alpha)

Deutsche Bank raised its rating on Flowers Foods (NYSE: FLO) from Hold to Buy and increased its price target from $21 to $27.

Deutsche Bank noted, "Based on a LT thesis, we are upgrading Flowers' shares due to consolidation and likely benefit to profitability. With heightened strategic activity in 2012 including some companies making acquisitions while others splitting up, we analyze the correlation between market share and operating margins across 22 categories. Our research suggests a high r-sq (0.83) between variables. We examine select categories (bread, dairy, yogurt) to see where profitability is possibly headed in the next few years."

Flowers closed at $25.05 on Friday.

Latest Ratings for FLO

DateFirmActionFromTo
Feb 2016Deutsche BankDowngradesBuyHold
Feb 2016BMO CapitalDowngradesOutperformMarket Perform
Feb 2016SunTrust Robinson HumphreyDowngradesBuyNeutral

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Posted-In: Deutsche BankAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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