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CIBC Downgrades Freshii Inc (FRII) to Sell


In a latest note to investors, a research analyst has provided a rating update for the Freshii Inc (FRII). CIBC’s analyst John Zamparo downgraded FRII to Sell today , with a C$2.75 price target.

According to TipRanks.com, Zamparo is ranked #4029 out of 4912 analysts.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Freshii Inc with a C$3.94 average price target, a 52.7% upside from current levels. In a report released yesterday, RBC Capital also downgraded the stock to Sell with a C$3 price target.

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The company has a one-year high of C$8 and a one-year low of C$1.95. Currently, Freshii Inc has an average volume of 89.73K.

Freshii, Inc. owns and operates as quick-service and health-casual restaurants. Its products include a menu of salads, burritos, wraps, rice bowls, yogurts, breakfast and soups made fresh ingredients. It operates through the Franchise Store and Company-Owned Store segments.

The company’s shares closed on Friday at C$2.58, close to its 52-week low of C$1.95.