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Thursday, March 28, 2024

Stifel Raises Price Target On WhiteWave Foods Co

Courtesy of Benzinga.

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Analysts at Stifel maintained a Buy rating on shares of WhiteWave Foods Co (NYSE: WWAV), but raised the price target to $41 from $35 on Thursday.

Christopher Growe believes WhiteWave is a prime candidate for acquisition. He stated,”We believe the growth characteristics of WhiteWave’s categories, the nascent household penetration levels for these categories, and the potential to broaden distribution of WhiteWave’s products make it a prime candidate for acquisition.”

Analysts feel WhiteWave could receive a $49 per share takeover bid and expect a 50 percent chance of the company being acquired, likely by a large beverage company.

Shares of WhiteWave closed Wednesday at $37.06.

Latest Ratings for WWAV

Date Firm Action From To
Aug 2014 Longbow Research Downgrades Buy Neutral
Aug 2014 Deutsche Bank Maintains Buy
Aug 2014 JP Morgan Maintains Overweight

View More Analyst Ratings for WWAV
View the Latest Analyst Ratings

Posted-In: Christopher Growe StifelAnalyst Color Price Target Reiteration Analyst Ratings

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