In a report published Wednesday, Wedbush Securities analyst Phil Terpolilli initiated coverage on WhiteWave Foods Co. WWAV with an Outperform rating and $48.00 price target.
In the report, Wedbush Securities noted, "We believe WhiteWave's long-term growth outlook is favorable versus CPG peers based on leading/dominant brand share in most categories, positive exposure to structural consumer shifts towards healthy eating, benefits from recent and future M&A, and potential annual operating margin expansion. We believe long-term prospects remain favorable and overshadow near-term concerns (out-of-stocks, private label, currency)."
WhiteWave Foods closed on Tuesday at $41.33.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies 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!
Already a member?Sign in