Goldman Sachs Starts Corn Products (CPO) at Neutral
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Price: $50.05 --0%
Rating Summary:
8 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs initiates coverage on Corn Products (NYSE: CPO) with a Neutral rating and $50 price target.
The firm said the stock offers positive exposure to corn prices but with a more attractive risk profile than other corn-related equities. While they see multiple factors that should drive near-term performance, they see some headwinds to growth including corn deflation longer term, moderating sweetener demand, and negative forex in 2012.
For more ratings news on Corn Products click here and for the rating history of Corn Products click here.
Shares of Corn Products closed at $43.27 yesterday.
The firm said the stock offers positive exposure to corn prices but with a more attractive risk profile than other corn-related equities. While they see multiple factors that should drive near-term performance, they see some headwinds to growth including corn deflation longer term, moderating sweetener demand, and negative forex in 2012.
For more ratings news on Corn Products click here and for the rating history of Corn Products click here.
Shares of Corn Products closed at $43.27 yesterday.
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