Post Holdings price target raised to $115 from $107 at Piper Sandler

Piper Sandler analyst Michael Lavery raised the firm’s price target on Post Holdings to $115 from $107 and keeps an Overweight rating on the shares. The analyst expects the ocmpany’s Foodservice margins will continue to recover, and believes Refrigerated Retail margins "have a runway of upside from increasing in-house production." Post’s net debt reduction drives the price target increase.