Deutsche Bank Reiterates Hold On Dean Foods (DF)

Deutsche Bank is reiterating its Hold rating and $12 price target on shares of Dean Foods

following earnings. In a note to investors, Deutsche Bank writes, "We see value in the WW-Alpro segment, but challenges continue for the larger FDD operation. Cost savings are critical to a recovery but management seems to be forced to decide on either higher profits or weaker share. Meanwhile close to $4 bil of debt limits equity value and recent senior mgmt departures remain a critical question mark." Shares of DF gained $1.26 yesterday to close at $12.24, a gain of over 11%.