Piper Jaffray Downgrades The WhiteWave Foods Company (WWAV) to Neutral Amid Pending Takeover

August 9, 2016 11:47 AM EDT
Get Alerts WWAV Hot Sheet
Price: $55.38 -0.04%

Rating Summary:
    4 Buy, 25 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Piper Jaffray downgraded The WhiteWave Foods Company (NYSE: WWAV) from Overweight to Neutral with a price target of $56.25 amid pending takeover and following Q2 results.

"Overall, we think this is a fair offer for WhiteWave shareholders given the premium to the overall consumer packaged food group, which we think was warranted given the strong organic growth profile for the business," analyst Sean Naughton said.

For an analyst ratings summary and ratings history on The WhiteWave Foods Company click here. For more ratings news on The WhiteWave Foods Company click here.

Shares of The WhiteWave Foods Company closed at $55.56 yesterday.

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