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

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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

Jan 2017WunderlichInitiates Coverage OnBuy
Dec 2016KeyBancUpgradesSector WeightOverweight
Oct 2016DA DavidsonInitiates Coverage onNeutral

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


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