Canaccord Genuity Reiterates a 'Buy' on SunOpta (STKL); A Lot to Like in New COO

July 5, 2012 8:45 AM EDT Send to a Friend
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Price: $7.50 -1.19%

Rating Summary:
    5 Buy, 2 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 13
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Canaccord Genuity reiterates a 'Buy' on SunOpta (NASDAQ: STKL) price target of $7.50.

Analyst, Scott Van Winkle, said, "STKL announced the appointment of Hendrik (Rik) Jacobs as President and Chief Operating Officer effective August 1, 2012. Mr. Jacobs replaces outgoing VP and COO Tony Tavares...Mr. Jacobs, who will oversee all food operations, brings significant operational experience internationally with several major consumer brands, and already has a level of familiarity with the SunOpta organization and management given SunOpta was a large customer of Mr. Jacob’s last company."

For an analyst ratings summary and ratings history on SunOpta click here. For more ratings news on SunOpta click here.

Shares of SunOpta closed at $5.88 yesterday, with a 52 week range of $4.13-$7.12.


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