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Fly News Breaks for October 5, 2018
POST
Oct 5, 2018 | 07:48 EDT
Stifel analyst Christopher Growe raised his price target on Post Holdings to $115 from $97 after traveling with the company's management team, telling investors that he believes the transaction to create a holding company for its private brands business in conjunction with Thomas H. Lee Partners is a harbinger of Post's ability to create value through divesting assets. The analyst, who thinks that the company could continue to pursue more transactions like this to unlock value in other areas of its portfolio, keeps a Buy rating on Post shares.
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