Lavoro initiated with an Outperform at Oppenheimer

Oppenheimer initiated coverage of Lavoro with an Outperform rating and $11 price target. Lavoro is an established, vertically integrated agriculture retailer and industry consolidator in Latin America, the analyst tells investors in a research note. The firm says secular growth tailwinds stemming from the expansion and maturation of the ag economy in Latin American support a “long tail of organic growth opportunities” for the company.