Colombia's Chocolates Raised to `Hold' From `Underperform' at Santander

Grupo Nacional de Chocolates SA, Colombia’s biggest food producer, was raised to “hold” from “underperform” by Banco Santander SA analysts Manuel Salazar and Luis Miranda.

The shares may rise to 28,060 pesos next year, compared with their 2010 forecast of 25,000 pesos, the analysts said.

To contact the reporter on this story: Shiyin Chen in Singapore at schen37@bloomberg.net

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