Jefferies had the opportunity to meet with Snyder's-Lance, Inc. (NASDAQ:

) senior management and came away “with increased confidence in the company's long-term strategy and management's ability to execute on the independent operator route conversion.” “While this process will take time, the company is building a very strong foundation for enhanced growth and profitability over the long-term,” Jefferies writes. Snyder's-Lance closed Thursday at $19.82.