Market Overview

UPDATE: Goldman Sachs Upgrades Dean Foods to Buy on Spin-Offs

Related DF
Benzinga's Top #PreMarket Losers
Top Performing Industries For June 12, 2014

Goldman Sachs raised its rating on Dean Foods (NYSE: DF) from Neutral to Buy and increased its price target from $20 to $22.

Goldman Sachs commented, "We view DF as a compelling sum-of-the-parts story as: (1) we expect a full spin-off of WhiteWave around mid-year 2013 and DF currently owns 87% of WWAV; (2) we see potential for further upside to value if management is able to consummate its intended sale of Morningstar; and (3) we expect DF's remaining Fresh Dairy Direct (FDD) business to re-rate higher on stabilization of raw milk prices, improved balance sheet and healthy cash generation profile."

Dean Foods closed at $16.60 on Friday.

Posted-In: Goldman SachsAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Most Popular

Related Articles (DF)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional