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UPDATE: Credit Suisse Initiates Whitewave Foods at Outperform on Organic Growth

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Credit Suisse initiated coverage on Whitewave Foods (NYSE: WWAV) with a Outperform rating and a $19.00 price target.

Credit Suisse noted, "We initiate coverage of WWAV at Outperform and believe that the company is poised to create significant value over the next two to three years as it leverages its leadership in the fast-growing organic and natural food and beverage categories. In our view, WWAV can translate this into industry-leading revenue and earnings growth of 7% and 16%, respectively, over the next three years, due to (1) mid-single-digit volume growth, (2) strong operating leverage, and (3) ongoing mix improvement."

Whitewave Foods closed at $16.19 on Wednesday.

Latest Ratings for WWAV

DateFirmActionFromTo
Aug 2016Argus ResearchDowngradesBuySell
Aug 2016Wells FargoDowngradesOutperformMarket Perform
Aug 2016DA DavidsonDowngradesBuyNeutral

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Posted-In: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings

 

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