UPDATE: Deutsche Bank Raises Target to $13 on Dean Foods

Deutsche Bank raises its target price on Hold-rated Dean Foods

on segment trends allowing debt reductions. Deutsche Bank says, "Dean appears to have stabilized its core FDD segment, despite continued category challenges. Meanwhile, other operations (Morningstar, WhiteWave) are performing well. These segment trends, combined with cost savings, are allowing for debt reduction. Our model largely anticipated these dynamics and thus we stay on the sidelines." DF closed at $11.99 a share on Wednesday.