Morgan Stanley Initiates Coverage Of Dole Food Company With EW Rating (DOLE)
3/4/2010- Morgan Stanley analysts are initiating coverage of Dole Food Company (NASDAQ: DOLE) with an "equal weight" rating.
Analysts Vincent Andrews and Gregory Van Winkle said, "We think Dole's core fruit business has limited upside from here and that expectations for salad penetration may be too optimistic. We prefer Chiquita as a fresh produce play due to its more attractive valuation."
Morgan Stanley sees fiscal 2010 EPS of $1.60 and fiscal 2011 EPS of $1.79.
Write to Chip Brian at cbrian@tradethetrend.com
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