user warning: Got error 28 from storage engine 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, in /var/www/ 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