Yesterday, Mr. Baker gave a nod to Northwest Airlines, adding it to the J. P. Morgan "focus list" of companies.
Elsewhere gases group BG has fallen 14p to £10.88 as Credit Suisse removed the company from its European focus list.
In offering investment ideas, the Ultra Focus List is intended to serve investor portfolios with varying degrees of risk.
Its shares, which hit a 22-month low on Wednesday, fell a further 29p to £12.68 after Deutsche Bank removed the stock from its Pan European Focus list.
Other studies have shown similar results, with companies doing even better in the first three years after going on the Focus List.
Even after CPC was removed from the Ultra Focus List, Mr. McMillin retained the issue as a recommendation among packaged-food companies.
Added to that, another catalyst for a 12.8p rise to 384p was a positive note from analysts at Credit Suisse, who added the company to its focus list, based on the prospects for its short haul business.
The annual Focus List from CalPERS, the nation's largest pension fund, is meant to light a fire under companies that the fund considers to have "poor financial and corporate governance performance".
One recent study showed that from 1999 to mid-2013, the companies targeted through the Focus List collectively produced a cumulative excess return of 12% above their respective industry benchmarks after five years.
Early this month, for example, the investment strategy group at Prudential-Bache SeCPC International Inc.nternational Inc. from its Ultra Focus List of some 20 stocks regarded as timely ideas.
The stock is a Focus List "Buy".
