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Fly News Breaks for July 19, 2019
POST
Jul 19, 2019 | 06:04 EDT
Piper Jaffray analyst Michael Lavery last night upgraded Post Holdings to Overweight from Neutral and raised his price target for the shares to $130 from $106. The analyst expects "good" organic sales growth of 2%-3%) and still consider Post's portfolio attractive for cash generation. He's now more bullish on the shares given a better than expected outlook for Post's Active Nutrition initial public offering. A sum of the parts view suggests potential upside for Post Holdings to $130-$145 per share, Lavery tells investors in a research note.
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