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Evercore Sees Early Signs of Operating Stabilization at B&G Foods, Inc. (BGS) [Yahoo! Finance]

B&G Foods, Inc. B&G Foods, Inc. (BGS) 
Last b&g foods, inc. b&g foods, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/b
Company Research Source: Yahoo! Finance
We recently compiled a list of the 12 Top Performing Consumer Staples Stocks in February . B&G Foods, Inc. (NYSE:BGS) is one of the best performing stocks on this list. TheFly reported on March 4 that Evercore ISI increased its price target for BGS to $5.00 from $4.50 while reiterating an In Line rating on the stock. The firm also lifted its EBITDA forecasts and cited emerging indications that the company's operating trends are beginning to stabilize. In a recent move, on March 2, B&G Foods, Inc. (NYSE:BGS) announced the completion of the sale of its Green Giant U.S. frozen vegetable business to Seneca Foods Corporation. The divestiture includes the company's frozen vegetable production facility located in Yuma, Arizona. Following the transaction, BGS will continue operating its frozen vegetable manufacturing plant in Irapuato, Mexico, and has entered into a co-packing arrangement under which it will produce certain Green Giant frozen products for Seneca Foods. Evercore Sees Ea Show less Read more
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