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Dean Foods Firmly Negative After Downgrade By J.P. Morgan

After gapping open significantly lower, shares of Dean Foods (DF) have climbed off their worst levels but remain firmly negative in late-day trading on Friday. Dean Foods is currently down by 5 percent after hitting its lowest intraday level in well over seven years.

The initial sell-off by Dean Foods came after J.P. Morgan downgraded its rating on the dairy producer's stock to Underweight from Neutral.

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