Deutsche Bank Reiterates Buy Rating, $18 PT on Dean Foods

In a report published Wednesday, Deutsche Bank reiterated its Buy rating and $18.00 price target on Dean Foods Company DF. Deutsche Bank noted, “Dean's stock should benefit from improved profitability in fluid milk, strong growth in WhiteWave products (along with strategic optionality), cost cutting and deleveraging. We believe investors have overreacted to fears around higher future dairy prices, with current shares reflecting close to a worst-case scenario. We view recent weakness as a buying opportunity.” Dean Foods Company closed on Tuesday at $13.30.