Zacks Investment Research upgraded shares of Nash Finch Co (NAFC) from UNDERPERFORM to NEUTRAL on May 21, 2013, with a target price of $23.00.
We upgraded our recommendation on Nash Finch from Underperform to Neutral following better-than-expected first-quarter 2013 results. Nash Finch's first-quarter 2013 earnings of $0.20 per share surpassed the Zacks Consensus Estimate by 42.9%. Total sales were $1.09 billion, up 2.3% from the year-ago quarter The company is well on track with its cost management program and has achieved its targeted debt leverage ratio level. The recent strategic acquisitions and takeovers of supermarkets and local chains have helped Nash Finch develop its strong distribution network. The agreement with Dollar Stores to distribute food items to 80 of its stores is also expected to boost sales in the near future.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on Nash Finch Co (NAFC),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment