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UPDATE: Imperial Capital Initiates Coverage on SunOpta on Great Upside Potential

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In a report published Thursday, Imperial Capital analyst Mitchell B. Pinheiro initiated coverage on SunOpta (NASDAQ: STKL) with an Outperform rating and $13.00 price target.

In the report, Imperial Capital noted, “We are initiating coverage of SunOpta, Inc. (STKL) with an Outperform rating and one-year price target of $13, implying upside potential of greater than 30% from recent levels. Our positive thesis is predicated on STKL's long-term strategic positioning in the natural and organic sector, the fastest growing segment of the consumer packaged goods sector, along with the outlook for improved profitability and ROIC as the business transforms from a low-margin ingredient supplier to a manufacturer of higher margin, value-added ingredients and consumer packaged goods.”

SunOpta closed on Wednesday at $9.68.

Latest Ratings for STKL

DateFirmActionFromTo
Apr 2021Canaccord GenuityInitiates Coverage OnBuy
Dec 2020Craig-HallumInitiates Coverage OnBuy
Jul 2020DA DavidsonInitiates Coverage OnBuy

View More Analyst Ratings for STKL
View the Latest Analyst Ratings

 

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Posted-In: imperial capital Mitchell B. PinheiroAnalyst Color Initiation Analyst Ratings

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