Goldman Issues Huge Bullish Call On One Of David Tepper’s favourite Stocks

David Tepper

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In January, with its stock diving, hedge fund manager David Tepper bought a huge stake in dairy producer Dean Foods.Since then the stock has rallied nicely, and its earnings have come back. Another win for Tepper!

Today, Goldman is out with a big bullish call on the stock, predicting a double in two years.

The essence:

  • Private label milk prices have stabilised.
  • The company has executed well on cost savings.
  • “Significant profit upside potential in the next 2-3 years – Our updated 2012/2013 EPS estimates are 33%/53% above consensus and imply 72% growth in 2012 and 24% in 2013.”

For more on what’s happening this morning, see here >