Barclays reinstated coverage of Post Holdings (POST) with an Overweight rating and $105 price target. The analyst views the recently closed pet food transaction between J.M. Smucker (SJM) and Post as mutually beneficial. Post receives a cash generative asset with likely margin upside that provides an added acquisition platform and potential broader portfolio optionality, the analyst tells investors in a research note.
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Published first on TheFly
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Read More on POST:
- Post Holdings Inc. Common Stoc (POST) Q2 Earnings Cheat Sheet
- Post Holdings Completes Acquisition of Rachael Ray® Nutrish®, Nature’s Recipe® and Other Select Pet Food Brands
- J.M. Smucker completes divestiture of several pet food brands to Post Holdings
- Post Holdings completes acquisition of pet food brands from J.M. Smucker
- Post Holdings’ Michael Foods Business Announces Expansion of Norwalk, Iowa Manufacturing Facility