UPDATE: Cantor Fitzgerald Reduces Nash-Finch Company's EPS; Lowers PT to $34

According to a research report this morning, Cantor Fitzgerald lowers EPS on Nash-Finch Company

from $2.65 to $2.25 and its PT from $38 to $34 after attending their investor conference. Cantor Fitzgerald explained, “Overall sales trends and the performance of the military segment were largely in-line with our expectations in 1Q. While Nash Finch had already telegraphed a weak 1Q print due to transitional issues in the military segment, the 36% decline in EBITDA for the distribution & retail segment came as quite a surprise and is likely to have some spillover effect through at least 2Q.” Nash-Finch Company closed Friday at $25.31 as Cantor Fitzgerald maintains its Buy rating.