Scotia Capital Has Sector Perform on SunOpta

Scotia Capital is out with a research report on SunOpta Inc.

and it has a Sector Perform rating and a $6 price target on shares. In a note to clients, Scotia Capital writes, "Modesto expansion. STKL plans to add processing equipment, which is expected to facilitate the production of multiple beverages simultaneously and increase capacity by 40%. We assume the upgrade (expected to come online in Q3/12) will cost $5M and can contribute annual EBITDA of $1.5M given typical returns on internal projects." Shares of STKL are down 13 cents to $4.80 in early Monday trading.