UPDATE: UBS Upgrades Ralcorp Holdings Inc. (RAH) to Buy; Better FY13 Means Stock Upside

August 3, 2012 7:37 AM EDT Send to a Friend
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Price: $89.98 --0%

Rating Summary:
    2 Buy, 9 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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(Updated - August 3, 2012 12:17 PM EDT)

UBS upgraded Ralcorp Holdings Inc. (NYSE: RAH) from Neutral to Buy. PT $75.

Analyst, David Palmer, said, "In our view, earnings visibility, combined with ongoing M&A optionality, solid cash earnings, and a 20% stake in Post makes Ralcorp a compelling risk/reward play at these levels—and as such we are upgrading RAH."

"We are lowering our FY12e EPS to $3.10 from $3.56 to reflect: 1) 3Q results—including better than expected top line growth (+11% vs UBSe +9.5%) offset by ongoing Bloomfield plant woes (~$0.10 3Q impact), and 2) the restatement of 1Q EPS to exclude $0.40 of Post earnings."

For an analyst ratings summary and ratings history on Ralcorp Holdings Inc. click here. For more ratings news on Ralcorp Holdings Inc. click here.

Shares of Ralcorp Holdings Inc. closed at $61.91 yesterday.


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