Jefferies Maintains Buy on Corn Products International

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Jefferies is out with its report today on Corn Products International (NYSE: CPO), maintaining Buy.In its report, Jefferies writes, "We expect 2011 EPS guidance to be reiterated with 3Q release and althoughrecent currency headwinds (Brazil, Mexico, South Korea) could prevent double-digit percentage EPS growth in 2012 - CPO shares, at 5.6X EBITDA, are attractive given: 1) still strong sweetener demand, 2) ongoing National Starchsynergies, 3) easing volume comparisons & 4) recently announced share repurchase."Jefferies maintains a $55 PT on CPO.At the time of posting, shares of CPO were trading at $45.46, up 0.31% from Friday's close.

27% profit every 20 days?

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