DA Davidson Maintains Neutral on Simply Good Foods, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Brian Holland has maintained a Neutral rating on Simply Good Foods (NASDAQ:SMPL) and increased the price target from $42 to $44.
January 05, 2024 | 2:57 pm
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POSITIVE IMPACT
DA Davidson analyst reaffirms a Neutral rating on Simply Good Foods but raises the price target from $42 to $44, indicating a positive outlook on the stock's value.
The increase in price target by DA Davidson suggests a positive reassessment of Simply Good Foods' valuation, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100