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Why is Dean Foods (DF) Stock Up Today?

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On Wednesday, shares of dairy producer Dean Foods Co DF are on the rise after the company received upgrades from a number of different firms.

As of 11:02 AM EST, DF stock is up almost 7%.

BB&T upgraded Dean Foods from a 'Hold' to a 'Buy,' while also setting a price target on its stock of $22. The firm believes that positive dairy volume and margin trends will help the company exceed analyst expectations in the fourth quarter of fiscal 2016.

Equity researchers at Bernstein have also raised Dean Foods' rating, upgrading the company to an 'Outperform' from 'Market Perform.' In a research note to investors, they said that "fairly benign" milk prices will cause an increase in the volume of fresh milk. The firm estimates that Dean Foods' EPS could increase by 21% this year as the company is continuing to cut costs.

Currently, Zacks ranks Dean Foods at a #3 (Hold).

Check out DF's market performance over the last year:

Dean Foods Company (DF) Stock Price - 1 Year | FindTheCompany

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DEAN FOODS CO (DF): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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