Amira Nature Foods Downgraded at Jefferies, PT Cut to $15; Shares Slide 2%Stephanie Stanton (Author) Published Date : May 30, 2014 01:29 IST
Analysts at Jefferies downgraded their coverage of specialty foods distributor Amira Nature Foods (ANFI) to hold from a buy rating and cut their price target on the stock by $10 to $15 per share. Jefferies analyst Kevin Grundy said he expects the stock to remain range-bound in the near term. After falling to an intraday low of $12.23, shares recouped and recently traded at $12.76, down 2.3% relative to Thursday's close. The stock has a 52-week trading range of $7.42 - $25.
Amira Nature Foods Downgraded at Jefferies, PT Cut to $15; Shares Slide 2%