Canaccord Genuity Maintains a 'Buy' on SunOpta (STKL); Adjusting Estimates

Canaccord Genuity maintains a 'Buy' on SunOpta (NASDAQ: STKL) price target lowered $1 to $7.50.

Canaccord analyst, Scott Van Winkle, said, "We maintain our rating and continue to believe that SunOpta’s focus on natural and organic products will deliver strong growth, with earnings further benefitting from a refocusing on its core food platforms."

"Adjusting estimates following a publishing restriction that began prior to the Q3 report. Lowering both 2011 and 2012 revenue forecasts modestly while reducing EPS estimates to $0.26 from $0.29 in 2011 and to $0.39 from $0.44 in 2012."

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

Shares of SunOpta closed at $4.25 yesterday.

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