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By Market News Video Staff, Wednesday, November 10, 1:04 PM ET
Dean Foods (NYSE:DF) shares are taking a hit for the second straight day. Yesterday the company reported disappointing earnings and forecasts, and today the stock is falling on a downgrade by Credit Suisse (NYSE:CS).
Credit Suisse cuts its rating from Neutral to Underperform, and slashed its price target from $11 to $7 per share. Dean Foods shares are trading down more than 8.5% Wednesday.
The stock is a 2.61% component of the First Trust Consumer Staples AlphaDEX Fund ETF (AMEX:FXG). Other top stocks in that ETF include Herbalife (NYSE:HLF) at 5.01% of the portfolio, Bunge (NYSE:BG), Alberto-Culver (ACV), CVS Caremark (NYSE:CVS), and Archer-Daniels-Midland (NYSE:ADM).
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Learn About The 200 Day Moving Average
Week Ahead Market Report: May 21, 2012
Monday Sector Leaders: Precious Metals, Auto Parts
Monday Sector Leaders: Precious Metals, Auto Parts
Monday 5/21 Insider Buying Report: PAA, HEK
Monday Sector Laggards: Agriculture & Farm Products, Food Stocks
