Wall Street News Alert Featured Company: AFHN Receives $0.40 Price Target
Wall Street News Alert’s highlighted company, American Food Holdings, was recently awarded a price target from Beacon Equity Research that is approximately four times higher than AFHN’s current trading price.
American Food Holdings is planning to expand its regional base of operations by introducing a new outlet marketing division, Beef Jerky Outlet Corp. The new outlet is expected to play a pivotal role in the company’s expansion plans by authorizing new franchisees and distributors.
The meat snacks industry has grown steadily from $1.3 billion in 1999 to $3.2 billion in 2006, and forecasters predict a rise to $4.2 billion in the next two years as the interest in beef products continues to rise. American Food Holdings’ products are unique from the competition because they are made with superior meats and seasonings, without the presence of potentially harmful MSG.
