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In a report published Wednesday, Deutsche Bank analyst Eric Katzman reiterated a Hold rating and $14.00 price target on
Dean Foods Co.DF.
In the report, Deutsche Bank noted, “We remain cautious on category weakness, dairy volatility, and cost savings flow-through challenges. These factors (particularly dairy) likely lead to meaningful 2H14 and possibly 2015 EPS risk. Despite sequential share gains, logical LT efforts to reduce cost and support from low valuation (7.9x EV/EBITDA), we remain on the sidelines.”
Dean Foods Co. closed on Tuesday at $14.00.
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