Market Overview

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

Related BOBE
Bob Evans Issues Release Showing Board Urging Holders to Support Board's Nominees
Rent-A-Center Joins The Fray Blaming A Weak Economy For Weak Performance

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.

Posted-In: Brian Bittner OppenheimerAnalyst Color Initiation Analyst Ratings

 

Most Popular

Related Articles (BOBE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional