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In 1Q17, $SJM realized $32MM of incremental synergies, approx. 25% of which benefited gross profit, with the rest related to SG&A savings. The company anticipates $100MM of incremental synergies for FY17, totaling to nearly $140MM of the $200MM targeted by end of FY18. $SJM continues to target $50MM of annual cost savings for the next few years.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.