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B&G Foods (BGS) 'Turning a Corner', RBC Capital Says

March 23, 2015 7:31 AM EDT
Get Alerts BGS Hot Sheet
Price: $11.44 -0.09%

Rating Summary:
    4 Buy, 11 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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RBC Capital analyst David Palmer reiterated an Outperform rating and $36 price target on B&G Foods (NYSE: BGS) saying the company is turning a corner.

Palmer commented, "We are reiterating our Outperform rating and above-consensus 2015 EPS for B&G based on attractive valuation, a line of sight on improvement over a challenging 2014, strong dividend yield and growing M&A upside."

The analyst highlighted:

  • Expecting an in-line 1Q, with upside to consensus beginning in 2Q
  • Free cash flow and dividend yield create compelling valuation story
  • Downstream M&A consolidators may benefit from large food company portfolio repositioning.

For an analyst ratings summary and ratings history on B&G Foods click here. For more ratings news on B&G Foods click here.

Shares of B&G Foods closed at $28.85 yesterday.



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