Limoneira price target raised to $23 from $17 at Roth MKM

Roth MKM raised the firm’s price target on Limoneira to $23 from $17 and keeps a Buy rating on the shares. The analyst anticipates improved results in FY24 as the lemon business expands and benefits from higher per-box pricing. The firm also believes that Limoneira will divest its underperforming assets and monetize its real estate and water assets.