7/24/15 HAIN | COSMETIC DECEPTION
7/23/15 CPB | Analyst Day Notes
RECENT NEWS FLOW
Friday, July 24
DF | Resumed neutral at JPMorgan, target is $18.
Wednesday, July 22
UNFI | Downgraded to neutral from outperform at Wedbush; removed from Best Ideas list, target cut to $60 from $74
UNFI | Downgraded to equal-weight from overweight at Morgan Stanley, target cut to $63 from $78
Tuesday, July 21
KHC | Initiated outperform at RBC with $88 target
GIS | Upgraded to outperform from sector perform at RBC; target increased to $65 from $58
Monday, July 20
UNFI | Announces early termination of distribution contract with Albertsons (click here for article)
Food and organic stocks that we follow, in aggregate, underperformed the XLP last week. The XLP was down -0.8%, the top performer from our list was MJN posting an increase of 3.2%, although MJN is down -14.8% for the year.
From a quantitative perspective, the XLP remains bullish on a TRADE and TREND duration.
Food and Organic Companies