Jefferies Lifts Numbers on Lance (LNCE) On Strong Q1

May 9, 2012 10:30 AM EDT
Get Alerts LNCE Hot Sheet
Price: $38.22 +1.33%

Rating Summary:
    6 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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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.

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