Thursday, March 11, 1999
TRISTATE MARKET SPOTLIGHT
Chiquita continues to gain ground
The stock of Chiquita Brands International continues to gain ground amid expectations the European Union might soon loosen its discriminatory restrictions on banana imports from U.S. companies.
Salomon Smith Barney analyst Donald Zwyer initiated coverage of the Cincinnati-based fruit company Wednesday with an “outperform” rating and a 12-month price target of $12.
Chiquita shares gained 371/2 cents on the news.
Last Friday, analyst Timothy Ramey at Deutsche Bank Securities switched to “buy” from “hold” on Chiquita.
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INDUSTRY NOTES: REAL ESTATE
COMMERCIAL REAL ESTATE
TRISTATE BUSINESS SUMMARY
TRISTATE MARKET SPOTLIGHT
