Oppenheimer analyst Mitchel Penn upgraded Gladstone Land to Outperform from Perform with a price target of $22, down from $25, after the company reported Q4 results. The firm’s lowered land inflation rate assumptions drive its lower estimated fair value, but its increased rating reflects the relation between its revised target and the shares trading below $19.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on LAND: