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Pivotal Research Downgrades Flowers Foods (FLO) Two-Notches to Sell

November 8, 2018 12:10 PM EST

Pivotal Research analyst Timothy Ramey downgraded Flowers Foods (NYSE: FLO) from Buy to Sell with a price target of $16.00 (from $24.00).

Ramey commented, "This result is just awful, yet it mirrors the pattern of most of the past ten years start the year bullish end... More