B&G Foods Reports Financial Results for Fourth Quarter and Full Year 2016

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Go back to B&G Foods Reports Financial Results for Fourth Quarter and Full Year 2016

B&G Foods (BGS) PT Lowered to $52 at RBC Capital on Weak 4Q Results, Estimates Cut

February 24, 2017 5:54 AM EST

RBC Capital Markets analyst David Palmer reiterates Outperform rating and lowers price target on B&G Foods Inc. (NYSE: BGS) to $52 (from $54), suggesting recent promising trends, despite dropping 2017 and 2018 estimates, as the company reported 2016 fourth quarter EPS and adjusted EBITDA below consensus projections.

Palmer comments, "4Q was perhaps even uglier than advertised during the companys ICR conference presentation (when it... More