Chiquita Brands International has been downgraded this week from a 'neutral' rating to an 'underperform' rating by Zacks Investment Research.
The decision to downgrade the group, a leading marketer and distributor of bananas and other fresh produce, was announced in a research note issued to investors on Tuesday 24 January, Fruitnet has reported.
Separately, analysts at Auiga initiated coverage on shares of Chiquita in a research note to investors in December, setting a 'buy' rating on the stock.
In the group's last set of financial results, for the third quarter of 2011, Chiquita reported net sales of US$723m (£463m) and a net loss of US$29m (£18.6m).
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