BofA analyst Isabella Simonato upgraded Adecoagro to Buy from Neutral with a price target of $14, up from $12.50. The analyst is positive on the company’s “solid earnings growth” while modeling a lower WACC assumption at 13.6% vs. 15% due to lower country risk in Argentina following the recent presidential elections.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AGRO:
