BB&T Capital Reiterates Buy on Ralcorp Holdings (RAH)

BB&T Capital is out with its report today on Ralcorp Holdings RAH, reiterating Buy. In a note to clients, BB&T Capital writes, "EPS were $1.26 (ex mark-to-market gain and small cost items), a high-quality beat relative to our $1.18 projection and the consensus of $1.24. Further, management affirmed its $200M full-year cost inflation outlook despite a very significant increase in SRW and durum wheat costs since early December; it also noted that it expects to offset cost inflation with pricing." BB&T Capital has a $73 PT on RAH. At the time of posting, shares of RAH were trading at $63.06, up 5.86% from Tuesday's close.