Cal-Maine Foods shares are trading higher amid increased volatility in the stock after the company yesterday reported one of its facilities in Kansas tested positive for HPAI. Today, Stephens & Co raised its price target on the stock from $45 to $50.
Portfolio Pulse from Benzinga Newsdesk
Cal-Maine Foods' stock is experiencing heightened volatility after the company reported HPAI at its Kansas facility. Despite this, Stephens & Co upgraded their price target from $45 to $50.
December 13, 2023 | 4:16 pm
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Cal-Maine Foods reported HPAI at a Kansas facility, causing stock volatility. Stephens & Co raised their price target from $45 to $50, potentially offsetting negative sentiment.
The report of HPAI at Cal-Maine's facility could be seen as negative due to potential disruptions in operations. However, the increase in price target by Stephens & Co suggests a positive outlook on the company's financials, which may balance out the short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100