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Fly News Breaks for April 5, 2016
WWAV, MDLZ, KHC
Apr 5, 2016 | 07:21 EDT
UBS said the U.S. food sector valuations have climbed higher despite weak fundamentals, while value spreads have narrowed, meaning companies with weaker fundamentals are trading at/near parity with companies with strong fundamentals. As a result, the firm recommends buying food stocks with out-sized earnings drivers, including WhiteWave (WWAV), Mondelez (MDLZ), and its top pick in the space, Kraft-Heinz (KHC).
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