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January 23, 2013
07:49 EDTBNNYAnnie's weakness a buying opportunity, says JPMorgan
JPMorgan recommends buying shares of Annie's on any significant weakness following last night's product recall announcement. After speaking with management, JPMorgan said it is confident the company's sales trends ex-pizza are very strong. The firm lowered its price target for shares to $45 from $50 but keeps an Overweight rating on the stock.
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