Piper Gaining Confidence On AHII

Piper Jaffray has increased confidence on Animal Health International

following the company's reporting of expansion in its sales' force. In its research report, Piper Jaffray writes "Better-than-expected feedlot placements, favorable output prices and recent sales force additions from a distressed competitor make AHII one of our favorite micro cap picks at present. We remain cautious on recent trends in key commodity input prices and will keep a close eye on these trends going forward, though we expect a negligible impact to the company's upcoming FQ1 results. We remain Overweight on the stock with a $3.50 PT and are comfortable with our current estimates ahead of the company's FQ1 results, expected during the week of November 1st." Animal Health International closed yesterday at $3.10.