Wells Fargo raised the firm’s price target on Post Holdings to $108 from $95 and keeps an Equal Weight rating on the shares. The firm notes Post delivered in Q1 and shares followed through +7.7% vs SPX +1.1% on February 2nd. Wells sees potential upside to the remainder of 2024 with expectations building despite forthcoming investment.
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Read More on POST:
- Post Holdings Announces $400 Million Share Buyback Plan
- Post Holdings Announces CEO Robert Vitale’s Return
- Post Holdings Reports Results for the First Quarter of Fiscal Year 2024; Raises Fiscal Year 2024 Outlook
- Post raises FY24 adjusted EBITDA view to $1.29B-$1.34B from $1.22B-$1.28B
- Post Holdings reports Q1 adjusted EPS $1.69, consensus $1.10
