Credit Suisse Starts Amplify Snack Brands (BETR) at Neutral

Credit Suisse initiates coverage on Amplify Snack Brands (NYSE: BETR) with a Neutral rating and a price target of $13.00.

Analyst R. Moskow commented, " We think Amplify is a good company with strong fundamentals that would fit well in the portfolio of a strategic acquirer, but with valuation already baking in full saturation of SkinnyPop by 2018, we recommend staying on the sidelines. We hold back on awarding Amplify a valuation premium for its roll-up strategy until we see evidence of success in the acquired Paqui brand."

For an analyst ratings summary and ratings history on Amplify Snack Brands click here. For more ratings news on Amplify Snack Brands click here.

Shares of Amplify Snack Brands closed at $13.18 yesterday.

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