Story updated at 9:40 a.m. to reflect market activity.
Whitewave Foods gained 1.5% to $26.50 Friday.
The firm raised its price target for the company to $24 from $19. The firm said that Whitewave Foods' growth outlook is improving.
Analyst Amit Sharma wrote, "We are upgrading WWAV to Market Perform as solid consumption trends in WWAV's key categories coupled with modest, if any, margin impact from the California drought significantly weakens our bearish investment thesis. Though organic sales growth is expected to slow from double-digit levels, deceleration likely will be less than our expectations and should be overshadowed by sales contribution from the recent Earthbound Farms acquisition."
Separately, TheStreet Ratings team rates WHITEWAVE FOODS CO (THE) as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WHITEWAVE FOODS CO (THE) (WWAV) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive."
Highlights from the analysis by TheStreet Ratings Team goes as follows: