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Kimberly-Clark Elects Fabian T. Garcia to its Board
Wednesday, June 15, 2011 - 9:53am | 38Kimberly-Clark Corporation (NYSE: KMB) today announced that Fabian T. Garcia, chief operating officer, Global Innovation and Growth, & Europe for Colgate-Palmolive Company, was elected to its board of directors, effective September 1, 2011.
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Goldman Sachs Maintains Neutral on Kroger
Wednesday, June 15, 2011 - 9:39am | 103Goldman Sachs is out with its report today on Kroger (NYSE: KR), maintaining Neutral. In a note to clients, Goldman Sachs writes, "For KR, we see an easier set-up given the stock has retreated 9% over the past two weeks (vs. -4% S&P 500). While we see a favorable risk-reward into the print, we...
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Stifel Nicolaus Maintains Hold on Sara Lee
Wednesday, June 15, 2011 - 9:20am | 110Stifel Nicolaus is out with its report today on Sara Lee (NYSE: SLE), maintaining Hold. In a note to clients, Stifel Nicolaus writes, "We continue with our Hold rating as we believe the shares maintain a fair multiple for the business even inclusive of the pending breakup of the business and the...
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Stifel Nicolaus Maintains Hold on Sara Lee
Wednesday, June 15, 2011 - 9:20am | 110Stifel Nicolaus is out with its report today on Sara Lee (NYSE: SLE), maintaining Hold. In a note to clients, Stifel Nicolaus writes, "We continue with our Hold rating as we believe the shares maintain a fair multiple for the business even inclusive of the pending breakup of the business and the...
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Jefferies Initiates Coverage On Kraft, Calls It A "Tasty Treat"
Wednesday, June 15, 2011 - 8:02am | 116Jefferies & Co. is initiating coverage on Kraft (NYSE: KFT) with a Buy rating and a $40 price target on shares. In a note to clients, Jefferies writes, "We are initiating coverage of Kraft with a Buy rating and $40 target price. Kraft's equity, in our view, is likely to outperform its peers as...
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Jefferies Initiates Coverage On General Mills
Wednesday, June 15, 2011 - 7:56am | 115Jefferies & Co. is initiating coverage on General Mills (NYSE: GIS) with a Hold rating and a $40 price target on shares. In a note to clients, Jefferies writes, "We are initiating coverage of General Mills with a $40 price target and Hold rating. We see GIS as a good operator with good...
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Zhongpin Inc. Elects Professor Xiaosong Hu as an Independent Director
Wednesday, June 15, 2011 - 7:54am | 173Zhongpin Inc. (Nasdaq: HOGS) today announced that Zhongpin's Board of Directors has elected Mr. Xiaosong Hu as a Director, effective as of June 16, 2011. He will chair and serve on the Nominating Committee and will serve on the Audit and Compensation Committees of the Board of Directors. Mr....
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Jefferies Initiates Coverage On Kellogg Company
Wednesday, June 15, 2011 - 7:51am | 108Jefferies & Co. is initiating coverage on shares of Kellogg Company (NYSE: K) with an Underperform rating and a $47 price target on shares. In a note to clients, Jefferies writes, "We initiate coverage of Kellogg with an Underperform rating and $47 target price. We are convinced that K mgmt's...
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Jefferies Initiates Coverage On TreeHouse Foods
Wednesday, June 15, 2011 - 7:48am | 118Jefferies & Co. is initiating coverage on shares of TreeHouse Foods (NYSE: THS) with a Hold rating and a $59 price target on shares. In a note to clients, Jefferies writes, "We initiate coverage of TreeHouse Foods with a $59/share target price and Hold rating. We view THS as a good operator in...
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Jefferies Initiates Coverage On Diamond Foods With Buy Rating
Wednesday, June 15, 2011 - 7:44am | 125Jefferies & Co. is initiating coverage on shares of Diamond Foods (NASDAQ: DMND) with a Buy rating and a $80 price target. In a note to clients, Jefferies writes, "We initiate coverage of Diamond Foods with a Buy rating and $80 PT for 15% upside. DMND is on the brink of two major events in its...
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Jefferies Initiates Coverage On McCormick & Co.
Wednesday, June 15, 2011 - 7:40am | 114Jefferies & Co. is initiating coverage on McCormick & Co. (NYSE: MKC) with a Buy rating and a $55 price target on shares. In a note to clients, Jefferies writes, "We are initiating coverage of McCormick with a $55 target price and Buy rating. In our view, MKC is a perfect example of a...
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Deutsche Bank Has Hold On Lorillard
Wednesday, June 15, 2011 - 7:37am | 121Deutsche Bank has a Hold rating and a $88 price target on shares of Lorillard (NYSE: LO). In a note to clients, Deutsche Bank writes, "Our view remains a ban is not the most likely outcome, but visibility is low, and one cannot overlook that the advisory panel has made a negative recommendation....
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Bank of America Raises PO On Casey's General Stores To $47
Wednesday, June 15, 2011 - 6:37am | 29Bank of America has raised the price objective on Casey's General Stores (NASDAQ: CASY) from $43 to $47 and maintains its Neutral rating.
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Jefferies Initiates Diamond Foods At Buy, $80 PT
Wednesday, June 15, 2011 - 5:57am | 25Jefferies & Company has initiated coverage on Diamond Foods (NASDAQ: DMND) with a Buy rating and $80 price target.
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Jefferies Initiates TreeHouse Foods At Hold, $59 PT
Wednesday, June 15, 2011 - 5:57am | 25Jefferies & Company has initiated coverage on TreeHouse Foods (NYSE: THS) with a Hold rating and $59 price target.