Credit Suisse upbeat on B&G Foods despite core business questions

摘要

The recent acquisitions of the Green Giant and ACH businesses have created a platform for growth for B&G Foods, Inc., but the Parsippany, N.J.-based company's core business remains a question mark, according to Credit Suisse. "Our meeting with B&G management increased our confidence that the company has sufficient cushion in its business model to deliver its EBITDA guidance for the year even if sales only reach the low end of 2017 guidance," Robert Moskow, a research analyst with Credit Suisse, wrote in a June 6 report. Mr. Moskow said the ratings agency is keeping its sales forecast at the low end of B&G Foods management's range of $1.64 billion to $1.68 billion and keeping its EBITDA estimate at the mid-point of the $360 million to $375 million guidance.