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Fly News Breaks for February 27, 2019
DF
Feb 27, 2019 | 09:13 EDT
After Dean Foods reported a Q4 loss of (50c), pulled its financial guidance and suspended its dividend, Stifel analyst Christopher Growe said in a flash note that he expects the shares to trade down despite the announcement last night that the company is exploring all options for its business. Ahead of the company's earnings call, Growe maintained a Hold rating and $5 price target on Dean Foods shares, which are down 65c, or 14%, to $3.90 in pre-market trading.
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