Moody's Places Pinnacle Foods Finance on Watch for Downgrade (PF) (BDBD)
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Pinnacle Foods (PF) Announces Agreement to Acquire Boulder Brands; RBC Capital Raises Price Target to $49
November 25, 2015 7:20 AM ESTRBC Capital reiterated an Outperform rating on Pinnacle Foods (NYSE: PF), and raised the price target to $49.00 (from $45.00), following the company's announced agreement to acquire Boulder Brands. The raise in price target, by $4, is to account for a projected $0.20/share boost to EPS in... More
Lake Street Capital Markets Downgrades Boulder Brands (BDBD) to Hold
November 24, 2015 12:59 PM ESTLake Street Capital Markets downgraded Boulder Brands (NASDAQ: BDBD) from Buy to Hold.
For an analyst ratings summary and ratings history on Boulder Brands click here. For more ratings news on Boulder Brands click here.
Shares of Boulder Brands closed at $10.07 yesterday.
... MorePiper Sees Pinnacle (PF) Offer for Boulder Brands (BDBD) as 'Fair'
November 24, 2015 10:50 AM ESTPiper Jaffray affirms Boulder Brands (Nasdaq: BDBD) with a Neutral rating and $9 price target following news Pinnacle Foods (NYSE: PF) would acquire the company for $11 per share.
Analyst Sean Naughton noted the following:
Transaction multiple appears fair to us given current sales trends: At 12.5x... MorePinnacle Foods (PF) to Acquire Boulder Brands (BDBD) for $11/Share
November 24, 2015 7:37 AM ESTPinnacle Foods Inc. (NYSE: PF) and Boulder Brands, Inc. (NASDAQ: BDBD) today announced that they have entered into a definitive agreement for the acquisition of Boulder Brands by Pinnacle Foods, in a strategic, synergy-rich transaction that expands Pinnacle's presence in growing and complementary health and wellness categories. The transaction also expands Pinnacle's presence in the natural and organic retail channel and provides Pinnacle with a new growth platform in refrigerated foods.
Under the terms of the agreement, Pinnacle Foods intends to launch a tender offer... More
