Lake Street analyst Ben Klieve raised the firm’s price target on S&W Seed (SANW) to $4 from $3 and keeps a Buy rating on the shares after the company announced a joint venture with Shell (SHEL) to commercialize S&W’s camelina as a feedstock to Shell’s next-gen biofuel initiatives. The "muted" market response to this news, which the firm views as "a critical development," provides investors with "significant alpha potential from the current levels as this and other initiatives ramp," Lake Street contends.
Published first on TheFly
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