BB&T Foresees Further Positive Results For RAH

BB&T has issued a report regarding the potential continued upside for Ralcorp Holdings (NYSE: RAH).

According to the report, “However, recent consumption data appears to have helped alleviate some concern on the margin as Post volumes have improved, albeit still weak, and pricing has improved in several key categories. Given the valuation, we are of the view that any marginal improvement will likely drive further share appreciation. We believe fundamentals are solid.”

RAH is Buy rated and has a $76 Price Target.

RAH closed at $68.38 a share yesterday.