Bob Evans Shares Surge After 4Q Profit Beat
Stock quotes in this article:
BOBE
SunTrust Robinson Humphrey analyst Christopher O'Cull raised his price target to $35 from $30, noting that the company's operating costs were better than expected.
The new price target implies the analyst expects the shares to gain about 31 percent from the closing price on Tuesday over the next 12 months. The analyst also said he expects revenue will grow in the company's food products division in fiscal 2010 due to a greater number of products and a new distribution model. O'Cull has a "Neutral" rating on the stock.- Loading Comments...
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