Piper Jaffray Raises BGS PT To $21

Piper Jaffray has issued a report raising the Price target on B&G Foods BGS from $17 to $21 a share. Piper Jaffray writes, "B&G Foods reported March quarter revenue and EPS modestly above expectations. Sales continued to benefit from favorable volume growth and slight price improvement. Management execution remains impressive despite a tough inflationary environment. Leading brands continue to grow, input costs remain in check and our confidence in execution remains high. We view BGS as the most compelling growth & income investment in our universe." BGS has an Overweight Rating and closed at $18.81 a share yesterday.