UPDATE: Canaccord Genuity Initiates Coverage on Annies
According to a research report published this morning, Canaccord Genuity has initiated Annies (NYSE: BNNY) with a Hold rating and $40 PT.
In the report, Canaccord Genuity said, "We believe Annie's enjoys one of the strongest brands in the natural/organic food industry, which along with a highly efficient business model and favorable sector growth should deliver strong growth, high margins and impressive financial returns."
Annies is currently trading at $37.11.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.