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Fly News Breaks for October 20, 2015
SAM, WWAV
Oct 20, 2015 | 06:07 EDT
Goldman Sachs analyst Judy Hong downgraded WhiteWave Foods (WWAV) to Sell saying softer than expected organic sales growth in North America could drive share underperformance. The company's multiple and expectations remain elevated and could drop, Hong tells investors in a research note. She cut her price target for shares to $42 from $48. The owner of Silk and So Delicious brands closed yesterday down 20c to $43.34. Hong this morning also upgraded Boston Beer (SAM) to Neutral.
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