Post Holdings price target raised to $120 from $115 at Stifel

Stifel raised the firm’s price target on Post Holdings to $120 from $115 and keeps a Buy rating on the shares after the company reported “another strong quarter” and raised its guidance for the year. Following the report and guidance, the firm is raising its own EBITDA estimate to $1.37B, up $40M from its previous estimate, mostly driven by a stronger Pet contribution.