UPDATE: Morgan Stanley Lowers PT on Dean Foods as Initial Guidance is Below Expectations

In a report published Wednesday, Morgan Stanley analyst Matthew Grainger reiterated an Equal-Weight rating on Dean Foods Co. (NYSE: DF ), but lowered the price target from $19.00 to $15.00. In the report, Morgan Stanley noted, “While we had recently grown more cautious on the 2014 outlook, DF provided initial