Stifel Raises Price Target On WhiteWave Foods Co

Analysts at Stifel maintained the Buy rating on shares of WhiteWave Foods Company WWAV and raised the price target to $41 from $35 on Thursday.

Christopher Growe believes WhiteWave is a prime candidate for acquisition, Growe stated,”We believe the growth characteristics of WhiteWave’s categories, the nascent household penetration levels for these categories, and the potential to broaden distribution of WhiteWave’s products make it a prime candidate for acquisition.”

Analysts feel WhiteWave could receive a $49 per share takeover bid and expect a 50 percent chance of the company being acquired; likely by a large beverage company.

Shares of WhiteWave closed Wednesday’s session at $37.12.