Market Overview

UPDATE: Deutsche Bank Raises PT on Amira Nature Foods on Reasons for Caution

Share:
Related ANFI
20 Biggest Mid-Day Gainers For Friday
Mid-Afternoon Market Update: Crude Oil Up 3%; Amira Nature Foods Shares Tumble
Midday Gainers /Losers (Seeking Alpha)

In a report published Wednesday, Deutsche Bank analyst Eric Katzman reiterated a Buy rating on Amira Nature Foods Ltd. (NYSE: ANFI), and raised the price target from $13.00 to $15.00.

In the report, Deutsche Bank noted, “While our neutral view on the group proved too cautious in 1H13, the tides have shifted and such a cautious approach seems more reasonable of late. Volumes have been surprisingly weak in developed markets with emerging markets slowing a bit. Valuation is still at a premium to the market and with the added concerns around deflation, being highly selective seems critical for the rest of 2013 and into 2014.”

Amira Nature Foods Ltd. closed on Tuesday at $13.30.

Latest Ratings for ANFI

DateFirmActionFromTo
Aug 2015BMO CapitalDowngradesOutperformMarket Perform
May 2015OppenheimerMaintainsOutperform
May 2015BMO CapitalInitiates Coverage onOutperform

View More Analyst Ratings for ANFI
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Eric KatzmanAnalyst Color Price Target Analyst Ratings

 

Related Articles (ANFI)

View Comments and Join the Discussion!