UPDATE: Canaccord Raises PT on Smart Balance to $10

Canaccord maintains a Buy rating on Smart Balance SMBL and raises its price target from $8 to $10. Canaccord notes, “We recently hosted management meetings with Chairman and CEO Steve Hughes and came away incrementally positive on the sizeable opportunity before the company within gluten-free and the new and vastly improved growth outlook.” Smart Balance closed at $8.78 on Wednesday.