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Stock impact report

Truist Cuts Flowers Foods (FLO) Price Target to $10, Maintains Hold Rating [Yahoo! Finance]

Flowers Foods, Inc. (FLO) 
Last flowers foods, inc. earnings: 2/5 04:50 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Truist Cuts Flowers Foods (FLO) Price Target to $10, Maintains Hold Rating Photo by NeONBRAND on Unsplash On November 13, Truist lowered? its price target on Flowers Foods, Inc. (NYSE:FLO) to $10 fr?om $15 and kept a Ho?ld rating on the shares after wh?at it descr?ibed as “mixed” Q3 results and n?arr?owed guidance, according to a report by The Fly. T?he analy?st noted that weaker-than-expected sales and a lower gross margin w?ere offset? by reduced SD?&A expenses,? w?hich helped deliver the? E?PS beat. T?he firm? added that despite several supportive t?ailwin?ds?, Flowers Foo?ds has historically struggled to consistently meet expectations. On November 14, Flowers Foods, Inc. (NYSE:FLO) announced a qu?arterly divide?nd of $0.2475 per sh?are, in line with its previo?us payout.? Th?is marked its 93rd consecutive quarter?ly d?i?vide?nd?, and Flow?e?r?s? Foo?ds has increased? its dividend for 23 straight ye?ars. Flowers Foods, Inc. (NYSE:FLO) operates as o?n?e of the largest produ Show less Read more
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