RBC Capital Downgrades Annie's, Inc. (BNNY) to Sector Perform

RBC Capital downgraded Annie's, Inc. (NYSE: BNNY) from Outperform to Sector Perform with a price target of $46.00 (from $37.00) following the recent takeover by General Mills.

"We do not foresee any other large strategic bidders entering the fray, particularly when considering category overlap concerns," analyst David Palmer said.

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 $46.16 yesterday.

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