BMO Capital Maintains Market Perform Rating for SpartanNash: Here's What You Need To Know

BMO Capital has decided to maintain its Market Perform rating of SpartanNash SPTN and lower its price target from $29.00 to $23.00.

Shares of SpartanNash are trading down 1.18% over the last 24 hours, at $22.65 per share.

A move to $23.00 would account for a 1.55% increase from the current share price.

About SpartanNash

SpartanNash Co is a food solutions company that delivers the ingredients for a better life. The company operates in two segments: Retail and Wholesale. The Company's Wholesale segment uses a multi-channel sales approach to distribute national brand and private brand products to independent retailers, national accounts, food service distributors, e-commerce providers, and the Company's corporate owned retail stores. Majority of the revenue is earned from wholesale segment.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.