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UPDATE: Credit Suisse Downgrades Dean Foods On Valuation

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Courtesy of Benzinga.

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Events for the Week of Nov. 17-21, 2014

In a report published Monday, Credit Suisse analyst Robert Moskow downgraded the rating on Dean Foods Co (NYSE: DF) from Outperform to Neutral, but raised the price target from $18.00 to $20.00.

In the report, Credit Suisse noted, “We are lowering our rating on Dean Foods to Neutral but raising our 2015 estimate to $0.87 (compared to consensus of 0.93) and raising our target price to $20/share. Our $20 target price is based on a 7.3x EBITDA multiple against our 2016 EBITDA estimate and our assumption of ~$800 million of net debt.”

Dean Foods closed on Friday at $18.55.

Latest Ratings for DF

Date Firm Action From To
Jan 2015 Credit Suisse Downgrades Outperform Neutral
Jan 2015 Credit Suisse Downgrades Outperform Neutral
Jan 2015 Deutsche Bank Maintains Hold

View More Analyst Ratings for DF
View the Latest Analyst Ratings

Posted-In: Credit Suisse Robert MoskowAnalyst Color Downgrades Analyst Ratings

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