B of A Securities Upgrades Adecoagro to Neutral, Raises Price Target to $12.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Isabella Simonato has upgraded Adecoagro (NYSE:AGRO) from Underperform to Neutral and raised the price target from $9 to $12.5.
September 06, 2023 | 8:42 am
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Adecoagro's stock rating has been upgraded to Neutral from Underperform by B of A Securities, with a raised price target of $12.5.
The upgrade from Underperform to Neutral indicates a more positive outlook on the company's stock by the analyst. The raised price target from $9 to $12.5 suggests that the analyst expects the stock price to increase in the short term. This could potentially lead to a positive impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100