Zacks Investment Research downgraded shares of PENFORD CORP (PENX) from OUTPERFORM to NEUTRAL on March 13, 2013, with a target price of $11.30.
Penford Corporation develops, manufactures and markets specialty carbohydrate-based ingredient systems for industrial and food applications. They utilize their expertise in carbohydrate chemistry to develop functional ingredient formulations using starch as a base for value-added applications in several markets including papermaking, food ingredients and specialty textiles.
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