Simply Good Foods Shares Fall After Stephens Downgrade

MT Newswires Live

04/11

Simply Good Foods (SMPL) shares fell 11% on Friday after Stephens downgraded the stock to equalweight from overweight and cut its price target to $14 per share from $24.

Both UBS and Deutsche Bank reduced their price targets to $13 from $16 following its Q2 results.

Trading volume stood at over 5.6 million shares compared with a daily average of more than 2.4 million.

Price: 10.51, Change: -1.29, Percent Change: -10.93

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