Piper Sandler Downgrades B&G Foods to Underweight, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Michael Lavery has downgraded B&G Foods (NYSE:BGS) from Neutral to Underweight and lowered the price target from $14 to $8.
October 04, 2023 | 8:31 am
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B&G Foods has been downgraded by Piper Sandler from Neutral to Underweight, with a reduced price target of $8, down from $14.
The downgrade from Piper Sandler is a negative signal for B&G Foods. The reduction in price target from $14 to $8 indicates a bearish outlook for the stock, which could lead to a decrease in its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100