UPDATE: Stifel Nicolaus Upgrades Dean Foods Company to Buy on Upside Outlook
Stifel Nicolaus raised its rating on Dean Foods Company (NYSE: DF) from Hold to Buy and established an $18 price target.
Stifel Nicolaus noted, "We are upgrading the shares of Dean Foods to Buy from Hold and establishing an $18 target price. We are particularly attracted to the near-term value creation flowing from the announced split-up of the company. … WhiteWave is due to be spun-off in an IPO around year-end 2012, the company confirmed it is seeking a buyer for its Morningstar division (roughly $1 billion in gross value by our estimate), and the dairy business, while likely to be challenged by higher milk prices over the next six months or so, maintains a very low implied valuation based on the current stock price."
Dean Foods Company closed at $14.65 on Thursday.
Latest Ratings for DF
|Jul 2015||JP Morgan||Assumes||Neutral|
|Jul 2015||Deutsche Bank||Upgrades||Hold||Buy|
|Jun 2015||Morgan Stanley||Downgrades||Overweight||Equal-weight|
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