Jefferies Maintains a 'Buy' on Lance, Inc. (LNCE); Time to Snack
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Price: $26.53 -0.71%
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 35 | New: 12
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 35 | New: 12
Trade LNCE Now!
Jefferies maintains a 'Buy' on Lance, Inc. (NASDAQ: LNCE) price target of $30.00.
Analyst, Scott A. Mushkin, said, "LNCE’s announcement of its acquisition of Snack Factory looks to be quite positive as it adds a high-growth, high-margin brand to further complement LNCE’s existing core brand portfolio. In addition, we anticipate Snyder’s-Lance will be able to leverage Snack Factory’s direct model, as well as LNCE’s strong distribution platform over time, to enhance channel and household penetration, translating to better sales and earnings."
FY12 EPS estimate raised from $0.94 to $0.95 and FY13 from $1.21 to $1.31.
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 $25.11 yesterday, with a 52 week range of $18.78-$27.09.
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Analyst, Scott A. Mushkin, said, "LNCE’s announcement of its acquisition of Snack Factory looks to be quite positive as it adds a high-growth, high-margin brand to further complement LNCE’s existing core brand portfolio. In addition, we anticipate Snyder’s-Lance will be able to leverage Snack Factory’s direct model, as well as LNCE’s strong distribution platform over time, to enhance channel and household penetration, translating to better sales and earnings."
FY12 EPS estimate raised from $0.94 to $0.95 and FY13 from $1.21 to $1.31.
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 $25.11 yesterday, with a 52 week range of $18.78-$27.09.
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