Market Overview

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

Share:
Related BOBE
Benzinga's Top Upgrades, Downgrades For September 22, 2017
As Grocery Stores Cut Cereal Shelf Space, Refrigerated And Frozen Foods Are Wanted Products

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 2017William BlairDowngradesOutperformMarket Perform
Jul 2017BerenbergInitiates Coverage OnBuy
May 2017William BlairInitiates Coverage OnOutperform

View More Analyst Ratings for BOBE
View the Latest Analyst Ratings

Posted-In: KeyBancAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (BOBE)

View Comments and Join the Discussion!
Loading...
Loading...