Lucid Capital analyst Craig Kucera downgraded Farmland Partners (FPI) to Neutral from Buy with a price target of $12.50, down from $13. The firm cites the stock’s valuation relative to its agricultural real estate investment trust peers for the downgrade. In addition, downward pressure on commodities will likely make 2025 a tough year for agriculture in general, hurting leasing spreads, the analyst tells investors in a research note.
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