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Fly News Breaks for November 10, 2015
DF
Nov 10, 2015 | 06:26 EDT
Credit Suisse downgraded Dean Foods to Underperform from Neutral and lowered its price target to $18 from $19 on shares. Analyst Robert Moskow said the dairy industry is facing challenges including declining consumer demand and excess process capacity ,and fears consensus estimates will move lower as farmers cut back on production to boost dairy prices. Moskow expects Dean's input costs to rise and sees lack of valuation upside relative to the group.
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