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Why Calyxt Stock Is Compelling At Current Levels
Monday, October 30, 2017 - 12:10pm | 388Read More...Shares of Calyxt Inc (NASDAQ: CLXT) gained more than 7 percent Monday after analysts at BMO Capital Markets initiated coverage of the food and agriculture company with a bullish rating. The firm's Kenneth Zaslow slapped an Outperform rating on Calyxt's stock with a $32 price target. Calyxt is...
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Hormel Suffers From 'Protein Market Volatility'
Friday, August 25, 2017 - 2:03pm | 563Read More...Hormel Foods Corp (NYSE: HRL), a producer of meat and other food products, lost the support of at least Wall Street analyst after the company's second-quarter earnings report fell short of expectations. Credit Suisse's Robert Moskow downgraded Hormel's stock rating from Outperform to Neutral with a...
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BMO Capital Initiates AdvancePierre Foods At Outperform, Lays Out 4 Points Of Shareholder Value
Tuesday, August 9, 2016 - 2:27pm | 249Read More...BMO Capital started coverage of AdvancePierre Foods Holdings Inc (NYSE: APFH) with an Outperform rating and $29 price target, which implies more than 15 percent upside from current levels. "AdvancePierre, in our view, is a conservative investment vehicle that should outperform its peers,...
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BMO Dives Deep Into Kellogg's Q2 Earnings
Friday, August 5, 2016 - 2:36pm | 326Read More...BMO maintains its Market Perform rating on Kellogg Company (NYSE: K) after it reported an in-line EPS for the second quarter, but sales continued to fall short of expectations. Kellogg cut its 2016 EPS estimate range to $3.58–$3.65 from $3.64–$3.71, as lower sales and higher FX penalty...
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Pilgrim's Pride Shares 'Likely Will Outperform,' According To BMO
Friday, July 29, 2016 - 12:52pm | 357Read More...BMO said Pilgrim's Pride Corporation (NASDAQ: PPC) likely will outperform its peers and improve its relative positioning over time, despite the company having reported second-quarter earnings of $0.58, which fell short of consensus by $0.07. BMO, who has a Market Perform rating on the stock, said...
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Pinnacle Foods Vs. Peers: A Growth Story Through Sales Rather Than Cost-Cuts
Thursday, July 14, 2016 - 8:21am | 303Read More...Pinnacle Foods Inc (NYSE: PF) is the top pick among food stocks among analysts at BMO Capital Markets. BMO Capital Markets' Kenneth Zaslow commented in a research note that there are several reasons to support his bullish stance. First, the company's synergy targets following its acquisition of...
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BMO Downgrades Tyson Foods; Shares Down Nearly 4%
Monday, June 6, 2016 - 4:05pm | 162Read More...Investors in Tyson Foods, Inc. (NYSE: TSN) sold the issue Monday, likely on the heels of an earlier BMO downgrade to Market Perform. The firm's Kenneth Zaslow moved his investment recommendation from Outperform previously, and his price target from $78 to $69. "We continue to believe...
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BMO Capital Downgrades Kraft Foods Amid Concerns Over Strategic Initiatives
Thursday, March 26, 2015 - 8:57am | 264Read More...BMO Capital on Thursday downgraded Kraft Foods Group Inc. (NASDAQ: KRFT) from Outperform to Market Perform after the announcement of a merger with privately owned Heinz, and raised its price target from $69 to $88. Analysts Ken Zaslow and Patrick Chen wrote, "despite management's...
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4 Kraft Divisions Ripe For Spinoff (And Some Possible Suitors)
Friday, August 29, 2014 - 1:46pm | 986Read More...BMO Capital analyst Kenneth Zaslow published a note last week suggesting Kraft (NYSE: KRFT) should consider spinning off some segments in order to unlock value. Among Zaslow's reasons, the number of "natural buyers" standing ready to acquire specific segments of Kraft’s food...
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BMO Capital Thinks Kraft Should Consider Spinoff To Unlock Value
Friday, August 22, 2014 - 8:33am | 190Read More...In a note released Thursday, BMO Capital analyst Kenneth Zaslow thinks Kraft (NYSE: KFT) should consider spinoffs to unlock shareholder value. Zaslow goes on to say the environment for Kraft to consider asset spinoffs is optimal given current difficult macro/operating climate, especially in a...
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UPDATE: BMO Capital Upgrades The Andersons
Wednesday, May 28, 2014 - 11:46am | 148Read More...In a note released Wednesday, BMO Capital analyst Kenneth Zaslow upgraded shares of The Andersons (NASDAQ: ANDE) from Market Perform to Outperform and raised the price target from $55 to $56. The company's shares are performing well in Wednesday's session, trading up around eight percent. Zaslow...
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UPDATE: BMO Capital Downgrades Tyson Foods
Tuesday, April 29, 2014 - 2:21pm | 102Read More...In Tuesday's morning summary BMO Capital analyst downgraded Tyson Foods (NYSE: TSN) from Outperform to Market perform and maintained a $43 price target. Analyst Kenneth Zaslow explained that the downgrade is due to insufficient upside in the firm's current price target for Tyson. Zaslow wrote, "SN...
