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UPDATE: Stifel Nicolaus Upgrades WhiteWave Foods to Buy on Valuation, Revenue Outlook

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Credit Suisse Raises WhiteWave Foods' PT To Reflect Outlook, Valuations

Stifel Nicolaus raised its rating on WhiteWave Food (NYSE: WWAV) from Hold to Buy and established a $18 price target.

Stifel Nicolaus noted, "The weakness in the stock price since the IPO in October has been surprising with no fundamental backing, in our view. When comparing WhiteWave to its closest investment peers, we find the shares trading at a 10%-20% discount which we believe is inappropriate based on the growth outlook. … Revenue growth will likely be the key metric by which WhiteWave is judged given its exposure to fast growing categories and its robust new product pipeline and we believe this presents an advantage for WhiteWave."

WhiteWave Foods closed at $15.17 on Friday.

Latest Ratings for WWAV

DateFirmActionFromTo
May 2016WunderlichMaintainsHold
May 2016SusquehannaMaintainsPositive
May 2016JP MorganMaintainsOverweight

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View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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