Amira Nature Foods (ANFI) U.S. Expansion on Track - Jefferies

Jefferies reiterated a Buy rating and $13 price target on Amira Nature Foods Ltd. (NYSE: ANFI) Tuesday, saying the U.S. expansion appears on track.

Analyst Thilo Wrede comments, "We had the opportunity to visit ANFI’s booth at the Fancy Foods Show in New York City and came away with the impression that the planned expansion in the U.S. is on the right track. ANFI is in talks with Whole Foods, is expanding the U.S. product portfolio and updated the packaging for the U.S. market. In addition, ANFI might have further expansion plans in the Americas."

For an analyst ratings summary and ratings history on Amira Nature Foods Ltd. click here. For more ratings news on Amira Nature Foods Ltd. click here.

Shares of Amira Nature Foods Ltd. closed at $8.21 yesterday.

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