Post commits to 100% sustainable palm oil by December 2016 Post Holdings announced a commitment to source 100% sustainable palm oil globally by December 2016. Although Post's various business units are relatively minor users of palm oil, Post is committed to ensuring its purchases of palm oil do not contribute to deforestation of the world's rainforests or negatively impact the communities that depend upon them. Accordingly, Post has taken this important step to improve the sustainability of its palm oil supply chain.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Analog Devices (ADI) upgraded to Buy from Neutral at Citi... Asbury Automotive (ABG) upgraded to Neutral from Underperform at BofA/Merrill... Brookfield (BAM) upgraded to Outperform from Market Perform at BMO Capital... CNOOC (CEO) upgraded to Buy from Hold at Jefferies... Canadian Pacific (CP) upgraded to Buy from Neutral at Goldman... Citizens Financial (CFG) upgraded to Buy from Neutral at UBS... Esperion (ESPR) upgraded to Neutral from Sell at Chardan... HSBC (HSBC) upgraded to Buy from Neutral at UBS... Hecla Mining (HL) upgraded to Outperformer from Sector Performer at CIBC... Johnson Controls (JCI) upgraded to Outperform from Market Perform at William Blair... Level 3 (LVLT) upgraded to Buy from Neutral at UBS... Madison Square Garden (MSG) upgraded on asset value, share buyback outlook at Stifel... Medivation (MDVN) upgraded to Market Perform from Underperform at Cowen... PHH Corp. (PHH) upgraded to Buy from Neutral at Compass Point... Post Holdings (POST) upgraded to Buy from Neutral at SunTrust... Ralph Lauren (RL) upgraded to Buy from Neutral at UBS... Regions Financial (RF) upgraded to Buy from Hold at Sandler O'Neill... Shire (SHPG) upgraded to Hold from Reduce at HSBC... Sinopec (SNP) upgraded to Buy from Hold at Jefferies... Verifone (PAY) upgraded to Buy from Hold at Argus.
Post Holdings upgraded to Buy from Neutral at SunTrust SunTrust upgraded Post Holdings to Buy and increased its price target to $75 from $65 on shares. Analyst William Chappell upgraded shares citing the almost 20% pullback in the last two days on reports it will no longer bid for ConAgra's private label business. Chappell views valuation as attractive and believes the company has stabilized its legacy business and has the opportunity to post significant upside to estimates.