Wedbush Starts Blue Buffalo (BUFF) at Neutral

Wedbush initiates coverage on Blue Buffalo (NASDAQ: BUFF) with a Neutral rating and a price target of $20.00.

Analyst Phil Terpolilli commented, "On the one hand, we believe Blue Buffalo is a strong thought leader in premium, natural dog and cat food. However, we are concerned elevated pressure from larger competitors with far greater resources may pressure domestic growth for now and initial international opportunities may take some time to play out. Layer on still-premium valuation and we therefore elect to remain on the sidelines on BUFF pending more visibility into clear potential upside to earnings."

For an analyst ratings summary and ratings history on Blue Buffalo click here. For more ratings news on Blue Buffalo click here.

Shares of Blue Buffalo closed at $18.64 yesterday.

You May Also Be Interested In

• Wolfe Research Starts SpaceX (SPCX) at Outperform
• Nomura/Instinet Upgrades SK Innovation Co Ltd (096770:KS) to Neutral
• Dollarama Inc. (DOL:CN) (DLMAF) PT Raised to Cdn$221 at BMO Capital