American Vanguard price target raised to $16 from $13 at Roth MKM

Roth MKM raised the firm’s price target on American Vanguard to $16 from $13 and keeps a Buy rating on the shares. The company’s Q4 results were in line with preliminary guidance and the management also raised its adjusted EBITDA target to $70M-$80M on improved operating leverage, the analyst tells investors in a research note. American Vanguard’s supply issues are “mended”, and the firm sees internal initiatives to drive growth and margins for the company, Roth MKM added.