Market Overview

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

Related WWAV
UPDATE: Morgan Stanley Reiterates On WhiteWave Foods Co Following Recent Balance Sheet Cleanup
Stifel Raises Price Target On WhiteWave Foods Co

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
Sep 2014Stifel NicolausMaintainsBuy
Aug 2014Longbow ResearchDowngradesBuyNeutral
Aug 2014Deutsche BankMaintainsBuy

View More Analyst Ratings for WWAV
View the Latest Analyst Ratings

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

 

Related Articles (WWAV)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters