BMO Capital on Cal-Maine Foods (CALM): 'remain cautious given the current oversupplied environment.'

BMO Capital analyst Benjamin Mayhew reiterated a Market Perform rating and $75.00 price target on Cal-Maine Foods (NASDAQ: CALM).

The analyst comments "We hosted CALM CEO, Sherman Miller, CSO, Keira Lombardo and CFO Prepared Foods, John Zoeller for a non-deal roadshow in New York. We come away incrementally more constructive on the outlook for CALM, particularly at current share price levels (1.1-1.2x BV) as we begin to see an increasingly clear pathway to more balanced egg industry supply/demand with two main avenues to get there: 1) negative economics force production adjustments, or 2) HPAI reaccelerates. We're potentially seeing signs of both but remain cautious given the current oversupplied environment."

For an analyst ratings summary and ratings history on Cal-Maine Foods click here. For more ratings news on Cal-Maine Foods click here.

Shares of Cal-Maine Foods closed at $62.32 yesterday.

You May Also Be Interested In

• GE Vernova (GEV) PT Lowered to $1,100 at Jefferies
• Generac Holdings (GNRC) PT Raised to $235 at Citi
• T. Rowe Price Group (TROW) Tops Q3 EPS by 22c