Credit Suisse Has Positive 2015 Outlook for Dean Foods Co.

Loading...
Loading...
In a report published Thursday, Credit Suisse analyst Robert Moskow reiterated an Outperform rating and $18.00 price target on
Dean Foods Co.DF
. In the report, Credit Suisse noted, “DF shares have fallen over the past few weeks due to concerns regarding rising milk and butterfat prices in 3Q and several management departures. While we continue to believe that the company's results will radically improve when dairy costs fall from their unsustainably high levels, the degree of inflation in 3Q suggests that our positive thesis will take longer to materialize. We are lowering our 2014 and 2015 EPS estimates to ($0.34) and $0.83 and recommending a cautious approach on the quarter, but maintaining our $18/share target price, which assumes earnings power of $0.83 and EBITDA of $355M.” Dean Foods Co. closed on Wednesday at $14.39.
Posted In: Analyst ColorReiterationAnalyst RatingsCredit SuisseRobert Moskow
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...