Cal-Maine Foods price target lowered to $50 from $60 at Stephens

Stephens analyst Ben Bienvenu lowered the firm’s price target on Cal-Maine Foods to $50 from $60 and keeps an Equal Weight rating on the shares. With still elevated feed costs, Stephens anticipates significant moderation in earnings power and cash flow generation of the business over the next twelve months, the analyst tells investors in a research note.