Deutsche Bank Expects Investors To Focus On DLM’s Share Trends And Competitive Activity

Analysts at Deutsche Bank reiterate their "buy" rating on Del Monte Foods DLM. The target price for DLM is set to $17. According to Deutsche Bank, “Del Monte reports F1Q11 (end July) results on Thu., Sep. 2, 2010. We expect opr EPS of $0.26 with sales about flat.” “We expect investors to focus on share trends and competitive activity, especially in the promotional Dry Cat Food category. Investors will also be interested in top line quality, specifically volume amidst increased promo, private label growth in FV&T along with updates to F2011 (inflation, productivity),” the analysts add. More Analyst Ratings here