Jefferies Starts Amira Nature Foods Ltd. (ANFI) at Buy

November 5, 2012 7:25 AM EST
Get Alerts ANFI Hot Sheet
Price: $5.77 -1.2%

Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 17 | New: 13
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Jefferies initiates coverage on recent IPO Amira Nature Foods Ltd. (NYSE: ANFI) with a Buy. PT $11.00.

The firm comments: "We see ANFI as an appealing opportunity to invest in a fast growing int’l packaged food co. that has ambitious growth goals. The co. should benefit from the exploitation of geographic white space opportunities, the trend to more ethnic eating in developed markets and uptrading in emerging markets."

NOTE: JEF was lead-manager in ANFI's IPO last month.

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 $8.45 yesterday.

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