UPDATE: Morgan Stanley Reiterates Overweight Rating, Raises PT on WhiteWave Foods Co. Following Strong Q4

In a report published Friday, Morgan Stanley analyst Matthew Grainger reiterated an Overweight rating on

, and raised the price target from $28.00 to $29.00. In the report, Morgan Stanley noted, “Q4 exceeded our already high expectations and provides very strong momentum into '14. FY14 guidance may prove conservative, in our view, and we raise our PT to $29, supported by high-teens base EPS growth and further strategic catalysts.” WhiteWave Foods Co. closed on Friday at $26.11.