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Fly News Breaks for February 27, 2018
DF
Feb 27, 2018 | 07:31 EDT
Stifel analyst Christopher Growe lowered his price target on Dean Foods to $9 from $12 after the company reported weaker than expected Q4 results and issued a "disappointing" 2018 outlook that was weighed down by plans for heavy investment and a significant volume loss at its largest customer. He sees the company's $150M productivity program as ambitious and, based on the stock price reaction, believes investors remain skeptical about the savings that will ultimately be achieved, said Growe, who keeps a Hold rating on Dean Foods shares.
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