Roth MKM Maintains Buy Rating for Mission Produce: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Roth MKM has maintained its Buy rating for Mission Produce (NASDAQ:AVO) but reduced its price target from $18.00 to $12.50. Despite the reduction, the new target suggests a potential upside of 40.92% from the current price of $8.87. Mission Produce is involved in avocado production and distribution, with additional services such as ripening and logistical management. The company earns most of its revenue from its Marketing and Distribution segment.
November 28, 2023 | 5:00 pm
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Roth MKM maintains a Buy rating on Mission Produce but lowers the price target to $12.50, indicating a significant potential upside from the current price.
The maintenance of a Buy rating by Roth MKM is a positive signal for investors, indicating the firm's continued confidence in Mission Produce's fundamentals. However, the reduction in the price target may reflect adjustments in market conditions or expectations, which could introduce some uncertainty. The significant potential upside of 40.92% from the current price to the new target price is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100