Dean Foods (DF) Sell-Off on Walmart Milk Production News 'Overdone' - Bernstein

Bernstein analyst Alexia Howard said today's 11% sell-off in Dean Foods (NYSE: DF) on the news that Walmart is going into milk production in 2017 is overdone.

"... the outlook for 2016 remains strong and the company is now on firmer footing given category trends improving and productivity savings coming through," Howard said.

"We will continue to monitor the situation. Valuation at a 12.5x P/E FY16 remains attractive at these levels."

The firm maintained an Outperform rating and price target of $25

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 $19.24 yesterday.

You May Also Be Interested In

• HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
• Loop Capital Starts Instacart (CART) at Buy, 'Leading a Massive and Underpenetrated Category'
• Piper Sandler Downgrades Southwestern Energy (SWN) to Neutral