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Fly News Breaks for August 10, 2016
DF
Aug 10, 2016 | 07:36 EDT
Wells Fargo says that Dean Foods' Q2 results were "light," but the firm reports that the company's volume decline was driven by its termination of low-margin private label units. The firm says that the company's guidance is "encouraging," as it includes the impact of summer cost inflation that Wells views as temporary. Wells remains upbeat on the company's longer term strategy and continues to identify it as a top pick.
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