Post Holdings price target raised to $85 from $70 at Truist

Truist analyst Bill Chappell raised the firm’s price target on Post Holdings to $85 from $70 but keeps a Hold rating on the shares. The analyst notes the company’s Q1 earnings beat and guidance raise but also prefers to "err on the side of caution", warning that the boost gained in the foodservice business may provide challenging comps for Post Holdings. The firm further notes the potential overhang from the recent avian flu outbreak on the company’s egg business and also warns that as consumers adjust to the new "normal", volume of center-store packaged goods may be impacted.