Barclays Maintains an 'Overweight' on Post Holdings (POST); Positive Thesis Intact

Barclays maintains an 'Overweight' on Post Holdings (NYSE: POST) price target raised from $30 to $34.

Analyst, Andrew Lazar raises his price target given POST's positive conference call last week. Lazar's highlighted points include: 1) Post maintaining EBITDA guidance; 2) Reiteration for plan of +400bps (of sales) incremental reinvestment; 3) Advertising up and volumes down; and 4) improved trade efficiency.

FY12 EPS estimate lowered from $1.72 to $1.63, but FY13 maintained at $2.25.

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

Shares of Post Holdings closed at $29.75 yesterday.

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