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Fly News Breaks for February 8, 2016
WWAV
Feb 8, 2016 | 07:48 EDT
Jefferies analyst Akshay Jagdale recommends buying shares of WhiteWave Foods following the recent pullback ahead of the company's Q4 results on February 11. The analyst expects a generally in-line quarter and thinks management's 2016 earnings guidance will be at least in-line with WhiteWave's long-term target of 15%-18% growth. Friday's selloff on a report of increased private label competition, cannibalization and rising input costs contained no new issues, Jagdale tells investors in a research note. The analyst keeps a Buy rating on the stock with a $44 price target.
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