Oppenheimer Reiterates Outperform On WhiteWave Foods Shares, $43 PT

In a research report issued today, Oppenheimer analyst Rupesh Parikh reiterated an Outperform rating on WhiteWave Foods (NYSE:WWAV) with a price target of $43.00.

Parikh noted, “We spent time revisiting our model and view the underlying health of the business as still quite sound. Continued momentum in the plant-based beverages, Earthbound Farm and Premium Dairy categories should together drive results at least in line with expectations. However, with shares currently trading at 31.5x NTM estimates vs. an average of 26.5x ahead of recent reports, we are hard-pressed to see another 8-10% move higher on the print similar to the past three quarters. In addition, higher interest expense may limit the magnitude of the guidance increase investors have grown accustomed to. We believe the shares are likely to be range-bound around current levels, near term.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Rupesh Parikh has a total average return of -15.0% and a 25.0% success rate. Parikh is ranked #2977 out of 3349 analysts.

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