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UPDATE: JP Morgan Initiates Coverage on WhiteWave Foods with Overweight Rating, $19 PT

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UPDATE: Tigress Financial Partners Initiates Coverage On WhiteWave Foods Co

In a report published Wednesday, JP Morgan & Co. initiated coverage on WhiteWave Foods (NYSE: WWAV) with an Overweight rating and $19.00 price target.

JP Morgan noted, “We are initiating coverage of WhiteWave Foods with an Overweight rating and $19 December 2013 price target. We believe WhiteWave is one of the best-positioned companies in our coverage in terms of category attractiveness and earnings growth potential. Based on our bottom-up analysis of each brand, we see sustainable high single-digit sales and low double-digit earnings growth, and given the attractive valuation versus other high-growth food stocks, we think WWAV will outperform the group over the next year.”

WhiteWave Foods closed on Tuesday at $15.64.

Latest Ratings for WWAV

DateFirmActionFromTo
Oct 2014Imperial CapitalInitiates Coverage onOutperform
Oct 2014Tigress FinancialInitiates Coverage onBuy
Sep 2014Piper JaffrayInitiates Coverage onOverweight

View More Analyst Ratings for WWAV
View the Latest Analyst Ratings

Posted-In: J.P. Morgan & Co.Analyst Color Initiation Analyst Ratings

 

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