S&W Seed price target lowered to $2 from $3 at Lake Street

Lake Street lowered the firm’s price target on S&W Seed to $2 from $3 and keeps a Buy rating on the shares after the company reported mixed Q2 results. While the firm understands “the market’s beatdown of the stock given historic underperformance,” it believes a $24M market cap for this $75M revenue business with neutral free cash flow is “a steep undervaluation,” the analyst tells investors.