You're right $12.00 price target.
Dean Foods’ rise comes after it said it had completed the spin off of WhiteWave Foods (WWAV). Stifel analyst Christopher Growe wrote this morning:
With the WhiteWave spinoff complete, we reiterate our Buy rating and establish a new target price of $12. This target price reflects a 6.7X EV/EBTIDA multiple on our 2013 estimate and a 6.4X multiple on our 2014 estimate. We see the deconsolidation of the company and the resulting strong growth potential as a near-term catalyst for the stock.