Market Overview

UPDATE: Credit Suisse Downgrades Annie's as Strong Growth But Spotty Execution Merits Lower Valuation

Related BNNY
Analyst Sees New Menu On Wall Street For Packaged Foods Sector
General Mills Receives Antitrust Clearance For Annie's Acquisition At $46.00/Share

In a report published Tuesday, Credit Suisse analyst Robert Moskow downgraded the rating on Annie's (NYSE: BNNY) from Outperform to Neutral, and lowered the price target from $54.00 to $36.00.

In the report, Credit Suisse noted, “We are lowering our rating to Neutral on Annie's and lowering our TP to $36. While we still view Annie's as a great brand in the organic foods space with many years of revenue growth ahead, the frequency of execution errors over the past two years casts a cloud over the prospects for operating leverage in the business model.”

Annie's closed on Monday at $41.83.

Latest Ratings for BNNY

Sep 2014William BlairDowngradesOutperformMarket Perform
Sep 2014Credit SuisseMaintainsNeutral
Sep 2014William BlairDowngradesOutperformMarket Perform

View More Analyst Ratings for BNNY
View the Latest Analyst Ratings

Posted-In: Credit Suisse Robert MoskowAnalyst Color Downgrades Analyst Ratings


Related Articles (BNNY)

View Comments and Join the Discussion!