SunOpta price target raised to $9 from $8 at DA Davidson

DA Davidson analyst Brian Holland raised the firm’s price target on SunOpta to $9 from $8 and keeps a Buy rating on the shares. The company’s new business development and supply chain initiatives are discounted within the management’s guidance, and as earnings power and free cash flow generation become apparent, SunOpta should become a more investable story for a wider base of investors, the analyst tells investors in a research note.