Citi Comments On Corn Products Management Meeting

According to Citi, Corn Products'

management reinforces bullish thesis. Citi reported that it has added Corn Products to Top Picks Live as its favorite small cap name following its recent meeting with company management, which reinforced its belief that CPO is in store for a robust 2011 with the potential for significant earnings upside. “We see significant cushion embedded in our numbers with minimal downside risk, and with the potential for significant upside. Thus, with the stock trading at just ~12x consensus 2011 EPS and representing a -20% discount to its 10 year historical average fwd PE multiple of ~15x, we see a compelling buying opportunity for investors with a total return potential of over +20%. Reiterate Buy.” Corn Products closed yesterday at $49.20.