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Post Holdings price target lowered to $119 from $133 at JPMorgan

JPMorgan lowered the firm’s price target on Post Holdings (POST) to $119 from $133 and keeps an Overweight rating on the shares. The firm cites industry multiple compression for the target cut ahead of the company’s fiscal Q2 report on May 7. JPMorgan expects an EBITDA beat due to falling egg prices and views the share setup as favorable into earnings.

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