Credit Suisse Starts AdvancePierre Foods (APFH) at Outperform

August 9, 2016 7:51 AM EDT
Get Alerts APFH Hot Sheet
Price: $27.17 +0.33%

Rating Summary:
    5 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Credit Suisse initiates coverage on AdvancePierre Foods (NYSE: APFH) with a Outperform rating and a price target of $29.00.

Analyst Robert Moskow commented, "We view APFH as a competitively advantaged company in an attractive category with several avenues for expansion."

The analyst anticipates core volume growth of 5.5% in 2016 and 2-3% in the long term, driven by strong consumer demand for convenient protein meals, the introduction of new products in the retail and convenience store channels, and market share gains over small competitors.

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

Shares of AdvancePierre Foods closed at $24.95 yesterday.

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