SEC Probe Could Can Diamond Foods’ Pringles Deal, Analyst Warns
- Friday, December 16, 2011, 4:27
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Diamond Foods shares continued to dip Thursday after Jefferies downgraded its rating on the stock to hold from buy and cut its price target to $27 from $46. The stock has been hit with staggering losses in recent months, as investigations into “momentum payments” made to some of the company’s vendors has postponed an important acquisition of Pringles from Procter & Gamble.
http://www.forbes.com/sites/heatherstruck/2011/12/15/sec-probe-sends-diamond-shares-downward/
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