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Where is Simply Good Foods Company (SMPL) Headed According to the Street?
Simply Good Foods Company (NASDAQ: SMPL) recently received reaffirmed ratings from Morgan Stanley (Hold, $24 target) and Stifel Nicolaus (Buy, $32 target) on January 20. Stifel highlighted the return of Joe Scalzo as CEO, focusing on improving Quest bar performance, stabilizing the Atkins brand, and sustaining growth for Quest and OWYN. The optimistic rating is also supported by the company’s financial flexibility, modest leverage, and anticipated gradual recovery in profitability.