Dean Foods (DF) stock popped Thursday afternoon thanks to an upgrade.
ISI Group reiterated its “buy” rating on Dean Foods stock and raised its price target from $18 to $22. KeyBanc Capital Markets also reiterated its “buy” rating on DF and raised its price target on the food stock from $18 to $22.
KeyBanc analysts say that Dean Foods will profit from lower raw milk prices. The firm also reported that Dean Foods is a prime buyout candidate in its coverage universe.
DF stock is up about 1.6% Thursday afternoon. Company shares are up about 2.7% YTD>
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