SMPL - Simply Good Foods Is Poised For High Growth Despite 11% Stock Pullback: Morgan Stanley Upgrades | Benzinga
Morgan Stanley analyst Pamela Kaufman upgraded the shares of The Simply Good Foods Company (NASDAQ: SMPL) from Equal Weight to Overweight and raised the price target from $37 to $40.
The analyst sees an attractive buying opportunity following the stock's -11% pullback YTD (versus S&P 500 +16%).
The analyst also listed five reasons to buy the stock, which are as follows.
First, the company participates in the higher growth active nutrition category, which has grown at a 14% CAGR ...