JPMorgan says this packaged food company can rally 25% thanks to strong cash flow

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The firm initiated coverage on Post Holdings with an overweight rating.

Post Holdings is "a post-er child for strong free cash flow," according to JPMorgan. Analyst Ken Goldman initiated coverage on the company with an overweight rating. He also set a price target of $100 per share, suggesting shares could rise more than 25% from Thursday's close. The packaged food company includes a variety of categories and brands, many of which are under private labels.

mountain POST in 2023 —CNBC's Michael Bloom contributed to this report.

 

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