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AdvancePierre Foods Closes Another Strategic 'Bolt-On' Acquisition
Tuesday, October 11, 2016 - 1:02pm | 204Read More...Barclays is positive on AdvancePierre Foods Holdings Inc (NYSE: APFH)'s acquisition of Allied Specialty Foods, a manufacturer of raw and cooked beef and chicken Philly steak products, for $60 million in cash. "We see this transaction as attractive from both financial and strategic...
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General Mills Q1 Was As Challenging As Expected
Thursday, September 22, 2016 - 10:08am | 330Read More...Given the challenging fiscal Q1:17 for General Mills, Inc. (NYSE: GIS), Barclays’ Andrew Lazar expressed surprise regarding the company’s Strategic Revenue Model (SRM) program. Lazar maintained an Equal Weight rating on the stock, with a price target of $66. The SRM Program The...
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Hain Celestial Downgraded By Barclays After 24% Selloff
Tuesday, August 16, 2016 - 7:31am | 321Read More...On Monday evening, Hain Celestial Group Inc (NASDAQ: HAIN) issued a press release, formally announcing a delay in its F4Q16 and FY16 earnings report. Shares are down more than 28 percent at $38.38 in pre-market trading. Barclays’ Andrew Lazar downgraded the rating on the company from...
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4 Potential Reasons Mondelez Bid For Hershey
Friday, July 1, 2016 - 10:14am | 559Read More...Barclays has attempted to explain why Mondelez International Inc (NASDAQ: MDLZ), which makes Oreo cookies and Cadbury chocolates, made its $107 cash and stock offer for Hershey Co (NYSE: HSY), which eventually rejected the bid. The acquisition would have created the world's largest candy maker at a...
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Relief Rally: Barclays Weighs In On WhiteWave Foods
Wednesday, May 11, 2016 - 11:35am | 255Read More...WhiteWave Foods Co (NYSE: WWAV) rallied 7 percent on Tuesday, following the announcement of the 1Q16 results, which included 8 percent year-on-year organic sales growth. Barclays’ Andrew Lazar maintained an Overweight rating on the company, while raising the price target from $45 to $51...
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A WhiteWave Upgrade, Campbell Soup Downgrade, And Other Food Group Musings
Friday, January 15, 2016 - 11:46am | 445Read More...While WhiteWave Foods Co (NYSE: WWAV) shares lost 30 percent in the last six months, shares of Campbell Soup Company (NYSE: CPB) gained 11 percent. Barclays’ Andrew Lazar upgraded the rating for WhiteWave from Equal-Weight to Overweight, while downgrading Campbell Soup from Equal-...
