Goldman Sachs Maintains Sell Rating for Cal-Maine Foods: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Sell rating for Cal-Maine Foods (NASDAQ:CALM) and lowered its price target from $43.00 to $40.00. The shares of Cal-Maine Foods are currently trading down 0.67% over the last 24 hours, at $44.45 per share. A move to $40.00 would account for a 10.01% decline from the current share price.
July 07, 2023 | 5:00 pm
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Goldman Sachs has maintained its Sell rating for Cal-Maine Foods and lowered its price target, which could potentially lead to a decrease in the company's stock price.
Analyst ratings, especially from prominent firms like Goldman Sachs, can significantly influence investor sentiment and stock prices. The decision to maintain a Sell rating and lower the price target suggests a negative outlook for Cal-Maine Foods, which could lead to a decrease in its stock price.
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IMPORTANCE 80
RELEVANCE 100