September 15, 2011
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Dole Food (Nasdaq: DOLE ) rose more than 10% in early trading after an upgrade from JPMorgan.
So what: Analysts there raised their rating from "neutral" to "overweight" and boosted their price target by a dollar to $12, a 15% premium to where the stock trades as of this writing. Fools rating Dole Food give it four out of five stars in Motley Fool CAPS.
Now what: In a note to clients, JPMorgan analysts called the stock "undervalued." Most of Wall Street would appear to agree. Yahoo! Finance sets the one-year consensus price target for Dole Food at $14.67. Where do you stand on this stock? Would you buy at current levels? Please weigh in using the comments box below.
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