tiprankstipranks
Mission Produce price target lowered to $15 from $20 at Stephens
The Fly

Mission Produce price target lowered to $15 from $20 at Stephens

Stephens analyst Ben Bienvenu lowered the firm’s price target on Mission Produce to $15 from $20 and keeps an Overweight rating on the shares after the company reported Q4 revenue that was flat year-over-year and EPS that missed consensus and his estimate driven by lower gross margins. While he views most of the headwinds Mission has faced as "transitory in nature," there are lingering cost pressures and he concedes it might take longer than he originally expected to achieve the margin recovery opportunity, Bienvenu said.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on AVO:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles