Del Monte Foods (DLM) – Bull of the Day
Source: http://www.zacks.com/commentary/12136/Del+Monte+Foods+%28DLM%29+-+Bull+of+the+DayPosted on Thursday, September 17th, 2009 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Del Monte’s (DLM) long-term objectives are to achieve
earnings growth in the range of 7% to 9% and topline
growth in the range of 3% to 5%. However, the
guidance for both earnings and revenues growth for
fiscal 2010, exceed the long-term range, and are
now expected to increase by approximately 15% and
4% to 6%, respectively.
Price increases implemented
across the product portfolio helped Del Monte post
strong profits during the first quarter of fiscal 2010
compared to a net loss in the comparable prior-year
period. Del Monte has been able to boost sales
through continued emphasis on product and
packaging innovation.
We therefore upgrade the
shares of Del Monte to Outperform.Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- AAR Corp. on Hold for Now - Analyst Blog - March 19th, 2010
- CRA International Lags Estimates - Analyst Blog - March 19th, 2010
- Amdocs Wins Telenet Contract - Analyst Blog - March 19th, 2010
- Turkcell Exceeds, Fitch Affirms - Analyst Blog - March 19th, 2010
- Comcast Firms SMB Footprint - Analyst Blog - March 19th, 2010
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.