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"Saputo Inc. (TSE:SAP)‘s stock had its “sector perform” rating reaffirmed by research analysts at RBC Capital in a research report issued on Friday, StockTargetPrices.com reports. They presently have a C$42.00 target price on the stock. RBC Capital’s price objective would indicate a potential upside of 7.03% from the company’s current price. Shares of Saputo (TSE:SAP) […]", www.com-unik.info
"Reuters -- Saputo Inc., one of Canada's largest dairy producers, has an eye on Brazil for possible acquisitions, and could make deals worth as much as $3.5 billion, its CEO said Thursday. The struggling global dairy industry is fragmented, potentially yielding opportunities, Lino Saputo Jr. said. The company would like to buy cheesemaking plants in Brazil, instead of continuing to move cheese into the market from Argentina, he said. 'You have hundreds and hundreds of dairy players' in Brazil, Saputo said in an interview. 'If we found an interesting platform on the cheese side in Brazil that would allow us to be a consolidator, that's essentially what we're looking for.' He declined to say if Saputo was in serious negotiations with any company. Brazil is one of the world's biggest milk producers and has a large number of domestic consumers. After Brazil, Saputo is also interested in deals in the U.S., Australia and New Zealand,…", www.albertafarmexpress.ca
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