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Wells Fargo Starts The WhiteWave Foods Company (WWAV) at Outperform

January 30, 2013 8:51 AM EST Send to a Friend
Get Alerts WWAV Hot Sheet
Price: $28.34 -1.22%

Rating Summary:
    10 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 10 | New: 8
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Wells Fargo initiates coverage on The WhiteWave Foods Company (NYSE: WWAV) with a Outperform and $17-$19 valuation range.

The firm comments, "Our 2012E, 2013E, and 2014E EPS are $0.59, $0.71, and $0.86. Following October 2012's partial initial public offering (IPO) from parent Dean Foods Co. (a 13% equity issuance), WhiteWave offers investors a unique vehicle for participation in the robust growth of health and wellness food products. In our view, WhiteWave is positioned for an enviable +9% sales compound annual growth rate (CAGR) through 2015 behind strong brands and dominant market share in on-trend categories. Mix shift, efficiencies, and debt reduction support our expected +19% EPS CAGR. We anticipate a taxfree spin of Dean's remaining interest to shareholders soon after lock-up expiration on April 25, 2013."

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 $16.14 yesterday.




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