WhiteWave (WWAV) PT Raised to $52 at Jefferies

Jefferies analyst Akshay Jagdale reiterated a Buy rating and boosted its price target on The WhiteWave Foods Company (NYSE: WWAV) to $52.00 (from $48.00) following results.

Jagdale commented, "WWAV remains one of our top four picks owing to its best-in-class organic growth profile, solid execution, superior financial disclosure and solid acquisition platform. HSD organic sales growth in 1Q was much better than feared and supports our positive thesis. We are reiterating our Buy rating and raising our PT to $52."

The firm raised Q2 from $0.29 to $0.30, FY16 EPS from $1.36 to $1.40 and FY17 EPS from $1.60 to $1.64.

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 $44.57 yesterday.

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