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Enter Symbol:
Penford Corporation (PENX) [hlAlert]

down 19.42 %

Penford Corporation (PENX) rated Buy with price target $12 by Jefferies & Co

Posted on: Monday,  Jan 11, 2010  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Buy Penford Corporation (NASDAQ: PENX) on 01/11/2010. Previously Jefferies & Co rated Buy Penford Corporation (NASDAQ: PENX) on
12/19/2007., when the stock price was $23.42. Since then, Penford Corporation has lost 19.43% as of 03/10/2015's recent price of $18.87.
If you would have followed the previous Jefferies & Co's recommendation on PENX, you would have lost 19.42% of your investment in 2638 days.

Penford Corporation (Penford) is a developer, manufacturer and marketer of specialty natural-based ingredient systems for industrial and food ingredient applications, including fuel grade ethanol. Penford operates in two business segments: The Industrial Ingredients-North America and Food Ingredients-North America. Industrial Ingredients-North America, which generated approximately 73% of Penford?s revenue during the fiscal year ended August 31, 2009 (fiscal 2009), is a supplier of chemically modified specialty starches to the paper, and packaging industries. Food Ingredients-North America, which generated approximately 27% of Penford?s revenue in fiscal 2009, is a developer and manufacturer of specialty starches and dextrins for the food manufacturing and food service industries. On September 2, 2009, the Company announced the sale of Penford New Zealand Limited. On November 11, 2009, the Company completed sales of the operating assets of its subsidiary company, Penford Australia Ltd.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/11/2010 8:25 AM Buy
10.00 12.00
as of 12/31/2010
1 Week down  -0.15 %
1 Month up  6.53 %
3 Months up  37.96 %
1 YTD down  -26.81 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/2/2009 8:25 AM Buy
3.68 9.00
6/23/2008 9:25 AM Buy
18.63 25.00
12/19/2007 8:25 AM Buy
23.42 33.00

(*) Stock Price at the time of the recommendation.
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