UPDATE: Auriga Downgrades Dole (DOLE) to Hold; Valuation Call
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Price: $12.15 -1.38%
Rating Summary:
5 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
5 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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(Updated - May 14, 2012 10:12 AM EDT)
Auriga downgraded Dole (NYSE: DOLE) from Buy to Hold with a price target lowered to $10.00.
Analyst, Gary Albanese, said, "Since Dole's May 3 earnings release, its shares appreciated 15% to over $10. At the time, we reduced our price target to $10 to reflect the challenging pricing environment, especially in its commodity vegetable unit...While believe further upside may be limited based upon earnings over the next couple quarters, there remains a potential positive catalyst through the company's strategic review of its business segments, as detailed in our sum of the parts analysis. We believe the strategic review was the impetus for the recent share increase. However, we do not envision the strategic review to translate into the sale of the entire company.:
For an analyst ratings summary and ratings history on Dole click here. For more ratings news on Dole click here.
Shares of Dole closed at $10.06 yesterday.
Auriga downgraded Dole (NYSE: DOLE) from Buy to Hold with a price target lowered to $10.00.
Analyst, Gary Albanese, said, "Since Dole's May 3 earnings release, its shares appreciated 15% to over $10. At the time, we reduced our price target to $10 to reflect the challenging pricing environment, especially in its commodity vegetable unit...While believe further upside may be limited based upon earnings over the next couple quarters, there remains a potential positive catalyst through the company's strategic review of its business segments, as detailed in our sum of the parts analysis. We believe the strategic review was the impetus for the recent share increase. However, we do not envision the strategic review to translate into the sale of the entire company.:
For an analyst ratings summary and ratings history on Dole click here. For more ratings news on Dole click here.
Shares of Dole closed at $10.06 yesterday.
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