Dole Food Shares Popped: What You Need to Know
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 (NAS: 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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At the time this article was published Fool contributorTim Beyersis a member of theMotley Fool Rule Breakersstock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim'sportfolio holdingsandFoolish writings, or connect with him onGoogle+or Twitter, where he goes by@milehighfool. You can also get his insightsdelivered directly to your RSS reader.Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.