RBC Capital Raises Price Target on B&G Foods (BGS) Following 2Q Earnings Beat

RBC Capital reiterated an Outperform rating on B&G Foods (NYSE: BGS), and raised the price target to $52.00 (from $49.00), following the company's 2Q earnings report. BGS reported adjusted EPS $0.57 versus the consensus of $0.46.

Analyst David Palmer commented, "We are raising our EBITDA estimates and price target after a solid Q2 beat, which was primarily driven by another step-up in Green Giant profitability. We reiterate our Outperform rating."

For an analyst ratings summary and ratings history on B&G Foods click here. For more ratings news on B&G Foods click here.

Shares of B&G Foods closed at $45.79 yesterday.

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