Goldman Sachs Maintains Sell on Cal-Maine Foods, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Adam Samuelson has maintained a Sell rating on Cal-Maine Foods (NASDAQ:CALM) but raised the price target from $42 to $47.
March 12, 2024 | 2:29 pm
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Goldman Sachs maintains a Sell rating on Cal-Maine Foods but increases the price target from $42 to $47.
While the Sell rating suggests a negative outlook on the stock, the increase in price target from $42 to $47 indicates a slightly more positive view on the stock's valuation than previously. This mixed signal could lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
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IMPORTANCE 75
RELEVANCE 100