Cal-Maine Foods price target lowered to $47 from $50 at Stephens

Stephens lowered the firm’s price target on Cal-Maine Foods to $47 from $50 and keeps an Equal Weight rating on the shares. The company reported Q4 results, with both EPS and adjusted EBITDA beating the firm’s estimates, the analyst tells investors. With industry production poised to increase through the balance of this year into next, the firm believes having an Equal Weight rating on the stock remains “prudent.”