Desjardins Remaining bullish after a “modest” first-quarter beat, Desjardins Securities’ Gary Ho lowered his Ag Growth International Inc. target to $51 from $53 with a “buy” rating. The average is $51.20.
“Our positive investment thesis is predicated on: (1) AGI’s strategy places it at the centre of the global food infrastructure buildout; (2) exposure to the agriculture supercycle, with strong momentum in many markets; (3) market share gains in the rapidly growing yet underpenetrated Brazilian market; and (4) dissipating overhang from the bin incident,” said Mr. Ho.