Shares of SkinnyPop maker Amplify Snack Brands Inc. slumped 3.6% in morning trade Friday, after Goldman Sachs said it was no longer bullish, solely because of valuation. Analyst Jason English cut his rating on the better-for-you snacks company to neutral, after being at buy for the past seven months. His stock price target remained at $18, which is 21% above current prices. “We downgraded Amplify Snack Brands…to neutral as upside to our price target shrinks,” English wrote in a note to clients. “Our fundamental view of the company is unchanged.” The stock, which went public on Aug. 5, 2015 at an initial public offering price of $18, has now lost 13% since the Sept. 6, 2016 record close of $17.08. It was still up 29% year to date, while the S&P 500 was up 5%.
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