Cantor Fitzgerald Starts Nash Finch (NAFC) at Buy; Remains Well Positioned in The Face of Headwinds

Cantor Fitzgerald initiates coverage on Nash Finch (NASDAQ: NAFC) with a Buy. PT $42.00.

Analyst, Ajay Jain, said, "Following significant ramp in distribution capacity for the military segment over the past two years, NAFC is set to cycle through a period of heavy investment spending. As a result, we expect the integrated business to generate around $40-50 million in annual free cash flow going forward. Based on proceeds from projected FCF, we believe there are a number of potential vehicles to unlock value including further debt reduction and share buybacks."

For an analyst ratings summary and ratings history on Nash Finch click here. For more ratings news on Nash Finch click here.

Shares of Nash Finch closed at $30.01 yesterday, with a 52 week range of $24.70-$44.94.

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