CALM - Cal-Maine Foods stock higher after Consumer Edge upgrades it to overweight PT set to $60
Cal-Maine Foods (CALM +5.9%) stock edges higher after Consumer Edge upgraded it to overweight from equal weight. The company's price target is set to $60, which implies 8% increase from the current trading price. SA quant rating for CALM is a strong buy. Yesterday, the company posted a mixed FQ3 results with top line growth of 33% Y/Y. In a separate release today, the company has assigned $82M capital to expand its cage-free egg production capabilities. Earlier this month, Zacks Investment Research upgraded shares of Cal-Maine Foods from a "strong sell" rating to a "hold" rating. Some institutional investors and hedge funds have raised their position in the stock last quarter: BNP Paribas Arbitrage SA grew its position in the company by 115.2% during the quarter and now owns 40,593 shares valued at $1.47M after acquiring an additional 21,730 shares during the quarter. William Blair Investment Management LLC raised its position by 47,830.5% in
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Cal-Maine Foods stock higher after Consumer Edge upgrades it to overweight, PT set to $60