Bank of America Securities Remains a Sell on Dole (DOLE)
In a report released yesterday, Peter Galbo from Bank of America Securities reiterated a Sell rating on Dole, with a price target of $14.00. The company’s shares closed yesterday at $13.80.
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According to TipRanks, Galbo is an analyst with an average return of -1.1% and a 44.33% success rate. Galbo covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, Campbell Soup, and Constellation Brands.
Dole has an analyst consensus of Moderate Sell, with a price target consensus of $15.00.
Based on Dole’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.43 billion and a net profit of $9.97 million. In comparison, last year the company earned a revenue of $2.12 billion and had a net profit of $80.12 million
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