Opportunity For M&A Seen In Simply Good Foods' Low Leverage Ratio, Analyst Points Out
Portfolio Pulse from Shivani Kumaresan
Needham analyst Matt McGinley reiterated a Buy rating on Simply Good Foods Co (NASDAQ:SMPL) with a price target of $42. The analyst expects FY23 revenue and EBITDA growth to be weighted to 2H and sees potential for M&A due to the company's low leverage ratio.
June 13, 2023 | 5:53 pm
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Needham analyst Matt McGinley reiterated a Buy rating on Simply Good Foods Co (NASDAQ:SMPL) with a price target of $42, expecting FY23 revenue and EBITDA growth and potential for M&A due to the company's low leverage ratio.
The analyst's Buy rating and price target of $42 indicate a positive outlook for SMPL. The expectation of FY23 revenue and EBITDA growth, along with the potential for M&A due to the company's low leverage ratio, suggest a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100