TSX:AFN - Post Discussion
Post by
retiredcf on Mar 11, 2022 7:56am
Another Upgrade
National Bank Financial’s Michael Robertson raised his Ag Growth International Inc. target to $49 from $46, keeping an “outperform” rating. The average is $50.67.
“We like the quarter and associated outlook, reinforcing our positive stance,” he said. “The buildout of AGI’s global platform has proven helpful in limiting the impact of severe weather or geopolitical turmoil in a specific geographic region, and with margins reaching inflection points in growth markets, AGI continues to target a 100-200 bps in EBITDA margins relative to recent levels over the medium term. With our forecasts nudged higher, we increase our target.”
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