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STKL

SunOpta

$2.30

-0.05 (-2.13%)

07:32
09/03/19
09/03
07:32
09/03/19
07:32

SunOpta appoints Scott Huckins as CFO

SunOpta announced the appointment of Scott Huckins as CFO, effective September 3. Huckins most recently served as Executive Vice President, CFO of Claire's Stores. Huckins will succeed Robert McKeracher, who has served as SunOpta's CFO since 2011. McKeracher will work closely with Huckins through the end of 2019 to ensure a seamless transition.

STKL SunOpta
$2.30

-0.05 (-2.13%)

02/27/19
LSCM
02/27/19
NO CHANGE
Target $5
LSCM
Buy
SunOpta selloff yesterday a buying opportunity, says Lake Street
Lake Street analyst Chris Krueger cut his price target for SunOpta to $5 from $10 following the company's "weak" Q4 profits and the termination of its CEO. However, its Q4 sales were "strong," driven by several new customer wins, Krueger tells investors in a post-earnings research note. This was "masked" by continued margin weakness in frozen fruit, the analyst contends. He reduced his estimates saying frozen fruit will continue to be a drag near-term but would use yesterday's selloff as a buying opportunity. Krueger keeps a Buy rating on SunOpta.

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