UPDATE: Morgan Stanley Reiterates On WhiteWave Foods Following Meetings

In a report published Monday, Morgan Stanley analyst Matthew Grainger reiterated an Overweight rating on WhiteWave Foods WWAV, and raised the price target from $33.00 to $35.00. In the report, Morgan Stanley noted, “Our meetings highlighted strong overall momentum and potential upside from above-expectation growth from both Europe and Earthbound Farm. We raise our outlook for both businesses, increasing our 2014/15e EPS from $0.98/1.14 to $0.99/1.17, and our PT from $33 to $35. Remain OW.” WhiteWave Foods closed on Friday at $32.40.