Andersons price target raised to $70 from $60 at Lake Street

Lake Street raised the firm’s price target on Andersons to $70 from $60 and keeps a Buy rating on the shares. The company’s Q4 results topped expectations while delivering “through the Ag cycle”, and strength can carry into FY24 despite the cyclical pressures, the analyst tells investors in a research note. Given its exceptional balance sheet, the company also has plenty of capacity for growth initiatives, the firm added.