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Chiquita Brands International Inc. Message Board

  • seattle.stew seattle.stew Nov 29, 2010 3:53 PM Flag

    analyst comments - janney

    This is a quote that appeared in a Cincinatti publication:

    One analyst, Jonathan Feeney of Janney Montgomery Scott in Philadelphia, found it "somewhat disconcerting that (Jager) would decide to leave two years into a fairly laudable structural business improvement, from our standpoint."

    Feeney wrote in a note to clients Friday that the decision by Chiquita management not to give guidance for 2011 could be due to "a volatile currency and banana pricing environment."

    The analyst upgraded his rating on Chiquita stock to a buy, saying he thinks a share price of $22.50 "is a fair value for a company bolstered by a highly-profitable branded salads business and a solid balance sheet."