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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Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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