Dean Foods (DF): Less Concerned About Input Costs - Jefferies

August 31, 2016 8:14 AM EDT
Get Alerts DF Hot Sheet
Price: $20.66 -1.24%

Rating Summary:
    6 Buy, 8 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Jefferies analyst, Akshay Jagdale, reiterated his Buy rating on shares of Dean Foods (NYSE: DF) following meetings with COO, Ralph Scozzafava & IR, Sherri Baker. The analyst came away feeling better about the company’s ability to maintain positive margin momentum both short-term and long-term. The analyst believes the company is much more “resistant” to commodity spikes and management's LT goal is to make it more commodity “proof” by increasing its branded mix (organically & via acquisitions) & accelerating its cost cutting efforts.

No change to the $23 PT.

For an analyst ratings summary and ratings history on Dean Foods click here. For more ratings news on Dean Foods click here.

Shares of Dean Foods closed at $17.10 yesterday.

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