Stifel raised the firm’s price target on Post Holdings to $115 from $98 and keeps a Buy rating on the shares. The company reported a “stand out” first quarter, with “robust” EBITDA performance and an increased FY24 guidance, the analyst tells investors. Post Holdings’ shares remain attractive, with its current value not only a discount to its peers, but also at a level that does not appropriately reflect the growth potential of the business, the firm adds.
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Read More on POST:
- Post Holdings Announces Commencement of Senior Secured Notes Offering
- 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
