Deutsche Bank Starts AdvancePierre Foods (APFH) at Buy

August 9, 2016 6:39 AM EDT
Get Alerts APFH Hot Sheet
Price: $27.91 --0%

Rating Summary:
    5 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 2 | New: 5
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Deutsche Bank initiates coverage on AdvancePierre Foods (NYSE: APFH) with a Buy rating and a price target of $28.

Analyst Mario Contreras said, "We believe solid top line potential, benign input cost environment, conservative financial targets, experienced management team, and M&A potential offset risks incl. limited track record of success, foodservice focus, and relatively high debt leverage (4x). We view current valuation (11x 2016 EBITA) as attractive vs. the broader category."

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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