Alliance Global Partners downgraded Sadot to Neutral from Buy and removed the firm’s previous price target after the company reported sales and EBITDA below the firm’s estimates. Sadot should benefit from greater sales and better margins in Q2 following the expected harvest, along with trade financing, but the overall uncertainty and visibility of the commodity business “moves us to the sidelines for now,” the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
