Deutsche Bank published an Analyst Day review for Flowers Foods, Inc. FLO that reports favorably on FLO's progress, saying:
"Despite questions that have plagued category top line dynamics for 18 months, we continue to believe Flowers is well positioned. With new products and markets, being a low cost producer, and leveraging a strong balance sheet and
FCF, sales and EPS should continue to grow above the peer group."
Deutsche Bank reaffirms its Buy rating and $28 price target.
Flowers Foods, Inc. closed yesterday at $24.60.
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Posted In: Analyst ColorLong IdeasNewsAnalyst RatingsConsumer StaplesDeutsche Bankflowers foodsPackaged Foods & Meats
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