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

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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
Jun 2015Maxim GroupInitiates Coverage onBuy
Jun 2015JP MorganMaintainsOverweight
Jun 2015WedbushMaintainsOutperform

View More Analyst Ratings for WWAV
View the Latest Analyst Ratings

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

 

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