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Fly News Breaks for November 11, 2019
BRBR, POST
Nov 11, 2019 | 07:39 EDT
Stifel analyst Christopher Growe raised his price target on Post Holdings (POST) shares to $120 from $115 to reflect the incremental value he sees being created by BellRing Brands (BRBR), which was spun off to Post shareholders via an IPO in mid-October, as well as his optimism around Post's outlook for FY20. As previously reported, Growe initiated coverage of BellRing Brands separately with a Buy rating and $21 target price. Post has now successfully completed the IPO of BellRing Brands and retains 71% of the company, Growe noted.
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