Jefferies Lifts Numbers on Lance (LNCE) On Strong Q1
Tweet
Share
E-mailGet Alerts LNCE Hot Sheet
Price: $49.98 --0%
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 3 | New: 2
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 3 | New: 2
Join SI Premium – FREE
Jefferies boosted estimates and its price target on Lance, Inc. (NASDAQ: LNCE) from $25 to $30 following strong Q1 results.
The firm comments, "LNCE posted strong 1Q revenue as the core branded products continue to perform well and suggest the potential for even better growth as LNCE completes its route conversion and grows distribution. Indeed, with improving distribution and execution at retail, as well as new product innovation, the revenue opportunity remains robust, and when coupled with building cost synergies should lead to nice margin improvement starting in 2H12."
FY12 EPS goes from $0.93 to $0.94 and FY13 EPS goes from $1.24 to $1.27.
For an analyst ratings summary and ratings history on Lance, Inc. click here. For more ratings news on Lance, Inc. click here.
Shares of Lance, Inc. closed at $26.03 yesterday.
The firm comments, "LNCE posted strong 1Q revenue as the core branded products continue to perform well and suggest the potential for even better growth as LNCE completes its route conversion and grows distribution. Indeed, with improving distribution and execution at retail, as well as new product innovation, the revenue opportunity remains robust, and when coupled with building cost synergies should lead to nice margin improvement starting in 2H12."
FY12 EPS goes from $0.93 to $0.94 and FY13 EPS goes from $1.24 to $1.27.
For an analyst ratings summary and ratings history on Lance, Inc. click here. For more ratings news on Lance, Inc. click here.
Shares of Lance, Inc. closed at $26.03 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Upgrades Bharat Forge Ltd. (BHFC:IN) to Buy
- Storebrand (STB:NO) (SREDY) PT Raised to NOK120 at Berenberg
- Koninklijke KPN NV (KPN:NA) (KKPNY) PT Raised to EUR4.60 at JPMorgan
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
