Jefferies Analyst Not Expecting Another Bid for WhiteWave Foods Co (WWAV)
After WhiteWave Foods Co (NYSE:WWAV) agreed to be acquired by Danone, Jefferies analyst Akshay Jagdale downgraded the company to a Hold rating with a price target of $56, marking a 0.16% increase from current levels.
The analyst doesn’t believe that a higher offer to acquire WWAV is likely. This is due to consensus sentiment being that WWAV has a full valuation and that a deal may have to pass though “anti-trust hurtles.” Additionally, Jadgale doesn’t think another company could match the synergies earmarked by Danone.
According to TipRanks, the analyst has a success rate of 72% with an average return of 13.3% per recommendation.