Susquehanna sees more upside for Blue Buffalo Pet Products

|About: Blue Buffalo (BUFF)|By:, SA News Editor

Susquehanna analyst Pablo Zuanic sees no reason to downgrade Blue Buffalo Pet Products (NASDAQ:BUFF) even after shares ran up 60% in six months.

"We are taking our price target up to $52 from $42 on increased M&A optionality and further FDM inroads in the year ahead," writes Zuanic.

Zuanic cites better than expected sales growth, profit margin expansion and share gains as potential catalysts.

Susquehanna keeps a Positive rating on BUFF.