Flowers Foods price target lowered to $16 from $20 at Jefferies

Jefferies lowered the firm’s price target on Flowers Foods (FLO) to $16 from $20 and keeps a Hold rating on the shares. The company reported a slight Q1 miss driven by softness in its away-from-home business and less benefit from Simple Mills, the analyst tells investors in a research note. The firm says Flowers “painted a bleak picture of the consumer and spoke to more promotional intensity needs.”

Confident Investing Starts Here:

• Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on FLO:

Disclaimer & DisclosureReport an Issue

• Charter to combine with Cox, Take-Two reports mixed Q4 results: Morning Buzz

• Morning Movers: Charter to combine with Cox Communication

• Flowers Foods falls 5% to $16.15 after Q1 results miss, FY25 guidance cut

• Flowers Foods sees FY25 CapEx $140M-$150M

• Flowers Foods reports Q1 adjusted EPS 35c, consensus 37c