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Post Holdings price target raised to $140 from $120 at Piper Sandler

Piper Sandler analyst Michael Lavery raised the firm’s price target on Post Holdings (POST) to $140 from $120 and keeps an Overweight rating on the shares. The firm says Post had better than expected Q1 EBITDA and raised the low end of its F25 guidance. Piper expects good Pet EBITDA margin momentum, as Post cut low margin SKUs and raised prices on Gravy Train.

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