B&G Foods price target lowered to $7 from $8 at Piper Sandler

Piper Sandler analyst Michael Lavery lowered the firm’s price target on B&G Foods to $7 from $8 and keeps a Neutral rating on the shares. The firm says the company’s top-line momentum remains weak, with retail sales down (2.8%) in Q1 2025-to-date and retailer de-stocking headwinds in January. However, B&G expects top-line improvement, skewed to the second half of 2025.