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Stock Market & Financial Investment News

News Breaks
March 8, 2013
10:41 EDTDF, WWAVDean Foods advances following Stifel Nicolaus upgrade
Dairy food maker Dean Foods (DF) is climbing after Stifel Nicolaus analyst Christophoer Growe upgraded the stock to Buy from Hold in a note to investors earlier today. After meeting with the company's management, the analyst believes that Dean Foods' stock is undervaluing its business. Within the next few months, Dean Foods should spin off most of WhiteWave (WWAV), its specialty dairy and dairy substitute business, to shareholders, Growe believes. During that period, Dean is also poised to significantly reduce its debt and stabilize its earnings growth, added the analyst. Moreover, the company may introduce a dividend with a 4%+ yield and obtain significant cost savings in the near-term, predicted Growe, who placed a $21 price target on the shares. In mid-morning trading, Dean Foods rose 65c, or 3%, to $17.80.
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September 23, 2014
10:15 EDTWWAVWhiteWave Foods price target raised to $44 from $37 at BofA/Merrill
BofA/Merrill raised Buy rated WhiteWave's price target to $44 and said it is one of the best growth stories in the group.
September 19, 2014
08:10 EDTWWAVWhiteWave Foods price target raised to $41 from $36 at Credit Suisse
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September 18, 2014
10:00 EDTWWAVOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abengoa Yield (ABY) initiated with a Neutral at Macquarie... Acacia Research (ACTG) initiated with an Outperform at Northland... Alibaba (BABA) initiated with a Buy at CRT Capital... Allianz (AZSEY) initiated with a Buy at UBS... Boulder Brands (BDBD) initiated with a Neutral at Piper Jaffray... Brookfield Renewable (BEP) initiated with an Outperform at Macquarie... Cogent (CCOI) initiated with an Overweight at JPMorgan... Discovery (DISCA) initiated with a Buy at Argus... FCB Financial (FCB) initiated with a Market Perform at Keefe Bruyette... Five Oaks (OAKS) initiated with a Buy at Ladenburg... Furmanite (FRM) initiated with a Buy at Sidoti... Fusion Telecommunications (FSNN) initiated with a Buy at H.C. Wainwright... Helen of Troy (HELE) initiated with an Overweight at Piper Jaffray... ICON plc (ICLR) initiated with a Buy at KeyBanc... InterOil (IOC) initiated with an Outperform at Credit Suisse... Jarden (JAH) initiated with an Overweight at Piper Jaffray... Level 3 (LVLT) initiated with an Overweight at JPMorgan... Lombard Medical (EVAR) initiated with a Buy at BTIG... NRG Yield (NYLD) initiated with an Outperform at Macquarie... Newell Rubbermaid (NWL) initiated with a Neutral at Piper Jaffray... NextEra Energy Partners (NEP) initiated with an Outperform at Macquarie... Novatel Wireless (NVTL) initiated with a Buy at H.C. Wainwright... Parker-Hannifin (PH) initiated with a Hold at Deutsche Bank... Pattern Energy (PEGI) initiated with a Neutral at Macquarie... Rentrak (RENT) initiated with a Buy at Wunderlich... Rhino Resources (RNO) initiated with a Buy at Ladenburg... Ryerson (RYI) initiated with a Buy at KeyBanc... SFX Entertainment (SFXE) initiated with a Buy at Maxim... SoftBank (SFTBY) initiated with a Buy at Jefferies... Sprouts Farmers Markets (SFM) initiated with a Neutral at Piper Jaffray... TerraForm Power (TERP) initiated with an Outperform at Macquarie... Vince Holding (VNCE) initiated with a Buy at B. Riley... WhiteWave Foods (WWAV) initiated with an Overweight at Piper Jaffray.
08:51 EDTWWAVWhiteWave Foods acquisition favorable, says Oppenheimer
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September 17, 2014
18:08 EDTWWAVWhiteWave Foods to acquire So Delicious Dairy Free for about $195M in cash
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16:22 EDTWWAVWhiteWave Foods initiated with an Overweight at Piper Jaffray
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16:10 EDTWWAVWhiteWave Foods sees 7c-8c EPS impact from notes offering
WhiteWave Foods announced today that it has completed an offering of $500M in aggregate principal amount of 5.375% senior notes due 2022, through underwriters led by J.P. Morgan Securities. Net proceeds from the issuance and sale of the notes were approximately $490.7M. The earnings per share impact is expected to be non-material for Q3 and to be approximately 7c-8c per share dilutive on a full year basis. WhiteWave intends to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility, support growth initiatives, including acquisitions, and for other general corporate purposes.

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