KeyBanc Starts Hillshire Brands (HSH) at Hold; Expect EPS to Decline Y-o-Y in FY13
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Price: $36.60 -0.46%
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade HSH Now!
KeyBanc initiates coverage on Hillshire Brands (NYSE: HSH) with a Hold. PT $29.00.
Analyst, Akshay S. Jagdale, said, "Although we have a favorable view of the new management team and appreciate the potential long-term upside (we see an upside case EPS of over $2.00 and a potential valuation of over $40/share), we prefer to wait for a better entry point since FY13 is designated a reinvestment year (management has yet to provide FY13 guidance and quarterly pro forma financials)."
For an analyst ratings summary and ratings history on Hillshire Brands click here. For more ratings news on Hillshire Brands click here.
Shares of Hillshire Brands closed at $29.99 yesterday, with a 52 week range of $27.56-$30.43.
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Analyst, Akshay S. Jagdale, said, "Although we have a favorable view of the new management team and appreciate the potential long-term upside (we see an upside case EPS of over $2.00 and a potential valuation of over $40/share), we prefer to wait for a better entry point since FY13 is designated a reinvestment year (management has yet to provide FY13 guidance and quarterly pro forma financials)."
For an analyst ratings summary and ratings history on Hillshire Brands click here. For more ratings news on Hillshire Brands click here.
Shares of Hillshire Brands closed at $29.99 yesterday, with a 52 week range of $27.56-$30.43.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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