BB&T Provides Color on Chiquita Brands International, Buy

BB&T provided color on Chiquita Brands International CQB. In a research report published today, BB&T stressed its concern about the impact of the EU and Colombia trials on Chiquita's performance. In the report, BB&T states, "we are concerned on the EU front. Further, a decision on the EU antitrust case is expected this summer. If the decision is unfavorable, CQB would appeal and it could be years before any resolution, but there is headline risk, as with the ongoing Colombian trials." At the moment, BB&T has a Buy rating and a price target of $17 placed on the company's stock. On Thursday, Chiquita added 1.93% to its value to close the day at $13.21.