Canaccord Genuity Raises Price Target on Annie's, Inc. (BNNY); One of the Strongest Brands in Natural/Organic Industry

Canaccord Genuity maintains a 'Hold' on Annie's, Inc. (NYSE: BNNY) price target of $42.00 (from $40.00).

Analyst, Scott Van Winkle, said, "We believe Annie’s enjoys one of the strongest brands in the natural/organic food industry, which along with a highly efficient business model and favorable sector growth should deliver strong growth, high margins and impressive financial returns... The recent secondary offering only improves the stock outlook as share liquidity is meaningfully improved...The shares trade at 46x C2013E EPS and 25x C2013E EBITDA."

For an analyst ratings summary and ratings history on Annie's, Inc. click here. For more ratings news on Annie's, Inc. click here.

Shares of Annie's, Inc. closed at $42.46 yesterday.

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