Deutsche Bank Upgrades Dean Foods (DF) to Buy; Coming Out of The Woods
Tweet Send to a FriendGet Alerts DF Hot Sheet
Price: $10.52 +2.04%
Rating Summary:
8 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
8 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade DF Now!
Deutsche Bank upgraded Dean Foods (NYSE: DF) from Hold to Buy with a price target of $17.00.
Analyst Eric Katzman, said, "Although concerns over excess dairy processing capacity give us pause and we expect chance irrational behavior to occur, we nevertheless upgrade Dean to BUY based on broad execution across segments. We see valuation as low, particularly given Dean could force investors in 12-18 months to recognize value in its branded operation."
"...we have increased our 2012 EPS from $0.95 to $1.19 and 2013 EPS from $1.14 to $1.39 with broad based profit improvement across the company."
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 $14.15 yesterday, with a 52 week range of $7.83-$14.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst Eric Katzman, said, "Although concerns over excess dairy processing capacity give us pause and we expect chance irrational behavior to occur, we nevertheless upgrade Dean to BUY based on broad execution across segments. We see valuation as low, particularly given Dean could force investors in 12-18 months to recognize value in its branded operation."
"...we have increased our 2012 EPS from $0.95 to $1.19 and 2013 EPS from $1.14 to $1.39 with broad based profit improvement across the company."
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 $14.15 yesterday, with a 52 week range of $7.83-$14.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- AcelRx (ACRX) Target Lifted at Jefferies
- Nokia (NOK) Could See Downside as Siemens Exits NSN Joint-Venture - Goldman
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst EPS View, UpgradesRelated Entities
Deutsche Bank
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
