Janney Montgomery Scott analyst Robert Stevenson upgraded Farmland Partners to Buy from Neutral with a $16 fair value estimate as part of his larger REIT group rebalancing accompanying his 2023 REIT outlook note. He believes Farmland Partners’ portfolio of farms will continue to benefit from 100% occupancy, continued inflation concerns, and expectations for continued global macroeconomic disruptions in the food supply, Stevenson said.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on FPI:
