Bullboard - Stock Discussion Forum Ag Growth International Inc T.AFN.DB.J

Primary Symbol: T.AFN Alternate Symbol(s): AGGZF | T.AFN.DB.H | T.AFN.DB.G | T.AFN.DB.I

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Ag Growth International Inc. is a provider of the equipment and solutions required to support the storage, transport, and processing of food globally. The Company provides equipment solutions for agriculture bulk commodities, including seed, fertilizer, grain, rice, feed, and food processing systems. It has manufacturing facilities in Canada, the United States, Brazil, Italy, France, and India... see more

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TSX:AFN - Post Discussion

Ag Growth International Inc > ATB

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Post by retiredcf on Apr 30, 2024 10:05am

ATB

As to be expected in these markets, a pretty extreme reaction. GLTA

In response to a first-quarter miss and “weak” guidance, ATB Capital Markets’ Tim Monachello trimmed his Ag Growth International Inc. target to $81, below the $82 average, from $85 with an “outpeform” rating.

“While AFN’s H1/24 results are expected to be impacted by shifting Commercial project schedules and softness in US Farm activity, we believe AFN continues to benefit from longer-term structural tailwinds including product transfers, operational excellence initiatives, and deleveraging that we believe underpin its long-term value proposition for investors. Still, AFN shares could face pressure as investors weigh the implications of its weakened near-term outlook,” said Mr. Monachello.

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