In a report published Monday, Credit Suisse analyst Michael Steib reiterated an Outperform rating on WhiteWave Foods Co. (NYSE: WWAV), but lowered the price target from $41.00 to $39.00.
In the report, Credit Suisse noted, “Despite a 53% share price run in 2014, we remain positive on WWAV's share price potential. We think WWAV will have another strong year in 2015, although not quite at the same rate as in the exceptional 2014. WWAV will likely experience some topline growth deceleration driven by weaker volumes in Premium Dairy and a modest category deceleration in Plant-Based Beverages driven by lower growth in almond milk. We expect 7.5% organic topline growth for 2015, down from about 11% in 2014. As a result, we lower our PT from $41 to $39, implying some 14% upside which is in line with the EPS growth we expect in 2015. That said, WWAV is still likely to deliver the best growth in our coverage universe, and we feel comfortable with our current EPS estimates.”
WhiteWave Foods closed on Friday at $34.59.
Latest Ratings for WWAV
| Oct 2014 | Imperial Capital | Initiates Coverage on | Outperform | |
| Oct 2014 | Tigress Financial | Initiates Coverage on | Buy | |
| Sep 2014 | Piper Jaffray | Initiates Coverage on | Overweight |
View More Analyst Ratings for WWAV
View the Latest Analyst Ratings
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