"A Sweet, Gold Deal"

Del Monte's $403 million acquisition of two Costa Rican fruit production operations could significant add to the company's earnings, according to Wachovia.

Tuesday, June 10, 2008

Wachovia Capital Markets upgraded the fruit-and-vegetable producer on Tuesday.
"Given the increasing global appetite for productive agricultural assets, including shipping assets, this deal can only be additive," Wachovia analyst Jonathan Feeney, who raised his rating on the company's stock to "outperform" from "market perform," said in a note titled "A Sweet, Gold Deal."

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