Cal-Maine Foods price target raised to $105 from $100 at BMO Capital

BMO Capital raised the firm’s price target on Cal-Maine Foods (CALM) to $105 from $100 and keeps a Market Perform rating on the shares. Cal-Maine’s Q4 EPS beat consensus estimates amid stronger than expected egg price capture and lack of inflationary feed cost environment, the analyst tells investors in a research note. Management offered several data points supporting its internal supply rebuilding efforts and commentary related to ongoing Highly Pathogenic Avian Influenza risk.