Piper Jaffray Starts The WhiteWave Foods Company (WWAV) at Overweight
Get Alerts WWAV Hot Sheet
Rating Summary:
4 Buy, 24 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Piper Jaffray initiates coverage on The WhiteWave Foods Company (NYSE: WWAV) with a Overweight rating and a price target of $42.
Analyst Sean Naughton commented, "We acknowledge valuation on current estimates is high; however, we believe the estimates are achievable and the secular growth categories have the opportunity to maintain high single digit organic growth for the next 3 to 5 years. In addition to the strong domestic presence, we think the recent announcement of plant-based beverages in China is going to be very additive to the portfolio over time. Bottom line, this is the largest and best positioned arms dealer in the next generation packaged food race."
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 $36.83 yesterday.
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