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UPDATE: Oppenheimer Initiates Bob Evans Farms at Outperform on Attractive Investment Opportunity

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Bob Evans Announces Changes to Its Board Structure and Committee Assignments

In a report published on Wednesday, Oppenheimer analyst Brian Bittner initiated coverage on Bob Evans Farms (NASDAQ: BOBE) with a rating of Outperform and a price target of $57.

In the report, Oppenheimer noted, "Underfollowed by the Street, we believe BOBE represents an attractive investment opportunity. As both businesses (restaurants & grocery) butterfly out of "transformational" initiatives, we expect the asset base to improve, margin structure to elevate and an attractive earnings upside case to emerge."

Bob Evans Farms closed on Tuesday at $47.17.

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: Brian Bittner OppenheimerAnalyst Color Initiation Analyst Ratings

 

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