Stephens lowered the firm’s price target on Cal-Maine Foods (CALM) to $95 from $105 and keeps an Equal Weight rating on the shares. Egg fundamentals have continued to deteriorate during what is typically the strongest demand period of the year, says the analyst, who continues to hear that additional shelf price reductions may be needed to drive stronger in-store clearance. The firm lowered its fiscal Q2 adjusted EPS view to $1.86 from $2.19 ahead of earnings, while also lowering its FY26 and FY27 EPS estimates.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CALM:
- These 3 Stocks Are Buys, Says TipRanks’ AI Analyst
- Midday Fly By: Disney invests $1B in OpenAI, Oracle reports mixed Q2
- Investors should ‘scramble’ for Cal-Maine Foods shares, Barron’s says
- Cal-Maine Foods launches $15M network optimization, capacity-expansion project
- Carvana initiated, Zscaler downgraded: Wall Street’s top analyst calls