Jefferies Boosts Price Target On Lance (LNCE) to $25
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Price: $49.98 --0%
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies raised its price target and adjusted EPS estimates on Lance, Inc. (NASDAQ: LNCE) while reiterating its Buy rating.
The firm's price target moves from $23 to $25. FY12 EPS goes from $1.10 to $0.93 and FY13 was maintained at $1.24.
The firm comments, "We continue to see significant opportunity for Snyder’s-Lance to drive stronger sales and profitability, which should begin to be realized in 2H12, as LNCE completes its route conversion process mid-year and begins to harvest the fruits of its additional investment spending and building product innovation. But like Rod Tidwell in Jerry Maguire, eventually we need to see the “kwan”."
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 $21.98 yesterday.
The firm's price target moves from $23 to $25. FY12 EPS goes from $1.10 to $0.93 and FY13 was maintained at $1.24.
The firm comments, "We continue to see significant opportunity for Snyder’s-Lance to drive stronger sales and profitability, which should begin to be realized in 2H12, as LNCE completes its route conversion process mid-year and begins to harvest the fruits of its additional investment spending and building product innovation. But like Rod Tidwell in Jerry Maguire, eventually we need to see the “kwan”."
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 $21.98 yesterday.
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