BMO Capital Maintains Market Perform Rating for SpartanNash: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Market Perform rating for SpartanNash (NASDAQ:SPTN) and lowered its price target from $29.00 to $23.00. Shares of SpartanNash are currently trading at $22.65, down 1.18% over the last 24 hours.
June 07, 2023 | 5:00 pm
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BMO Capital maintains Market Perform rating for SpartanNash and lowers price target from $29 to $23. Shares are trading down 1.18% at $22.65.
The lowered price target by BMO Capital indicates a bearish outlook for SpartanNash in the short term. The current share price is trading down 1.18% at $22.65, which is below the new price target of $23. This suggests that the market is reacting to the analyst's rating and the stock price is likely to experience downward pressure in the short term.
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