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Fly News Breaks for August 9, 2017
DF
Aug 9, 2017 | 07:14 EDT
Wells Fargo analyst John Baumgartnerm downgraded Dean Foods to Market Perform and cut his price target for the shares to $12 from $25 citing the Q2 miss and "big" guidance reduction. The analyst needs more visibility on margins before viewing Dean as a value story. He adds that a takeout by a strategic buyer "could be possible."
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