BofA Downgrades Cal-Maine Foods On Medium-Term Risks
Cal-Maine Foods Incs (NASDAQ: CALM ) stock may remain range-bound over the next 12 months, with negative estimate revisions due to higher feed costs for hens overpowering industry egg pricing, according to BofA Securities. The Cal-Maine Foods Analyst: Peter Galbo downgraded the rating for Cal-Maine Foods from Buy to Underperform, while lowering the price target from $47 to $38. The Cal-Maine Foods Thesis: The companys feed costs could surge from 48 cents per dozen to 52.5 cents Full story available on Benzinga.com
BofA Downgrades Cal-Maine Foods On Medium-Term Risks
Cal-Maine Foods Incs (NASDAQ: CALM ) stock may remain range-bound over the next 12 months, with negative estimate revisions due to higher feed costs for hens overpowering industry egg pricing, according to BofA Securities. The Cal-Maine Foods Analyst: Peter Galbo downgraded the rating for Cal-Maine Foods from Buy to Underperform, while lowering the price target from $47 to $38. The Cal-Maine Foods Thesis: The companys feed costs could surge from 48 cents per dozen to 52.5 cents Full story available on Benzinga.com