Piper Jaffray Starts Amplify Snack Brands (BETR) at Overweight

Piper Jaffray initiates coverage on Amplify Snack Brands (NYSE: BETR) with a Overweight rating and a price target of $18.00, saying its 'better-for-you' brand has dominant growth and margins.

Analyst Sean Naughton commented, "We believe Amplify is set to continue its run of rapid growth headlined by its SkinnyPop brand in the fast-growing "Better-For-You" (BFY) snack category. With strong growth ahead for revenues and earnings, we believe Amplify's robust margins and strong cash flows will drive out-performance in the marketplace."

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 $13.31 yesterday.

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