Dole's Port Of Wilmington Operations Visited By DB

Deutsche Bank has published a research report for Dole Food Company (NYSE: DOLE) after witnessing Dole's operations at the Port of Wilmington.

In the report, Deutsche Bank writes "We believe valuation adequately reflects Dole's de-leveraging capability, asset rich business model and strong single brand, when balanced against near-term challenges. Headwinds include challenging dynamics in European bananas, FX (Baht, Philippine peso), and inflation in containerboard (though moderating) and bunker fuel."

Deutsche Bank maintains its Hold rating and $11 price target.

Dole Food Company closed yesterday at $9.30.