UPDATE: Bank of America Merrill Lynch Terminates Coverage on Seneca Foods Corporation
In a report published Monday, Bank of America Merrill Lynch terminated coverage on Seneca Foods Corporation (NASDAQ: SENEA), to which it had previously assigned an Underperform rating and $21.00 price objective.
BofA Merrill Lynch noted, “We terminate research coverage of Seneca Foods (SENEA). We previously assigned a stock price objective of $21 and an Underperform rating, but due to a reallocation of research resources we decided to terminate coverage. Investors should no longer rely upon our previously published reports, recommendations, or estimates.”
Seneca Foods Corporation closed on Friday at $29.86.
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