Jefferies analyst Rob Dickerson lowered the firm’s price target on J & J Snack Foods (JJSF) to $135 from $175 and keeps a Hold rating on the shares. The firm, which is updating forecasts and valuations based on recent results, tracked trends, and input costs, lowered forecasts for Flowers Foods (FLO), TreeHouse (THS), and J & J, which it says are “all lower-margin businesses struggling currently to drive organic profit growth given the competitive backdrop.”
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