user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 458478 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Credit Suisse Made the Right Call, Dean Foods 5.3% Higher (DF)

Published on Wed, 03/13/2013 - 09:10
By Robert Cotter

Credit Suisse upgraded Dean Foods (NYSE:DF) from Neutral to Outperform a week ago. The shares closed at $17.81, or 5.3% over the $16.91 price of one week ago.

In the past 52 weeks, shares of Dean Foods have traded between a low of $11.45 and a high of $19.17 and are now at $17.66, which is 54% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

Dean Foods Company is a food and beverage company that produces a full line of Company-branded and private label dairy and dairy-related products. The Company provides products such as milk and milk-based beverages, ice cream, half and half, whipping cream, sour cream, cottage cheese, yogurt, dips, and soy milk. Dean Foods also supplies pickles, juice, juice drinks, and water.

There is potential upside of 16.8% for shares of Dean Foods based on a current price of $17.66 and an average consensus analyst price target of $20.62. The stock should discover initial support at its 50-day moving average (MA) of $17.47 and subsequent support at its 200-day MA of $16.31.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Toronto-Dominion Bank: The Winning Strea...

Shares of Toronto-Dominion Bank (NYSE:TD) traded at a new 52-week high today of $53.49. ...

TravelCenters of America Looks to Contin...

Shares of TravelCenters of America (AMEX:TA) traded at a new 52-week high today of $11. ...

Shares of Sempra Energy Rise Above Previ...

Sempra Energy (NYSE:SRE) traded today at a new 52-week high of $105.32. This new high ...

Shares of Signet Jewelers Rise to a New ...

Signet Jewelers (NYSE:SIG) traded today at a new 52-week high of $117.42. Approximatel ...

Watch for Continued Gains in Shares of S...

Sherwin-Williams (NYSE:SHW) traded at a new 52-week high today of $218.79. This new hi ...

Watch for Continued Gains in Shares of S...

Shares of Service International (NYSE:SCI) traded today at $22.17, breaking its 52-week ...

Dr Reddys Laboratories: The Winning Stre...

Dr Reddys Laboratories (NYSE:RDY) traded at a new 52-week high today of $48.93. Approx ...

QEP Resources Looks to Continue to Trade...

QEP Resources (NYSE:QEP) traded today at a new 52-week high of $35.47. Approximately 5 ...