Deutsche Bank Lowers FLO Price Target to $7 on Inflation and Demand Risks

Flowers Foods, Inc. (NYSE:FLO) is included among the 14 Safest Stocks with Highest Dividends.

On March 30, Deutsche Bank cut its price recommendation on Flowers Foods, Inc. (NYSE:FLO) to $7 from $11. It reiterated a Hold rating on the stock. The firm said it is seeing “legitimate and widespread pressures building” across the consumer packaged goods space, linked to the conflict in the Middle East. The analyst pointed to a weaker March, with cost inflation, trade-down risk, and currency moves all weighing on the group.

On the same day, Flowers Foods said that Terry Thomas, its chief growth officer, will step down and that the role will be eliminated. The position was created in 2023 to build growth capabilities and new competencies. With those now in place, the company is folding them into its broader structure. Thomas will remain in his role for now as responsibilities transition to other senior leaders.

Following the change, Mark Courtney, chief brand officer, will report directly to McMullian. Courtney has been with the company for 43 years and has held his current role since 2020, overseeing brands such as Nature’s Own, Dave’s Killer Bread, Canyon Bakehouse, Wonder Bread, Tastykake, and Mrs. Freshley’s. Along with brand strategy, he will now take on retail customer sales, innovation, and revenue management.

Flowers Foods, Inc. (NYSE:FLO) produces and markets packaged bakery foods in the United States. It operates bakeries nationwide and offers a broad range of bakery products.

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