Dean Foods (DF): Previewing a Negative Datapoint - Jefferies

Jefferies analyst, Akshay Jagdale, expects the USDA to set the August Class I milk price (proxy for Dean Foods' (NYSE: DF) raw material costs) between $14.60-15.10/cwt. Although the midpoint of his estimated range ($14.85/cwt) represents a ~8% sequential increase over July’s price and is likely to viewed by the market as a negative, he does not expect it to materially impact DF’s profitability.

No change to Buy rating or price target of $23.

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 $18.49 yesterday.

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