BofA raised the firm’s price target on Adecoagro (AGRO) to $12.20 from $9 and keeps a Neutral rating on the shares. Urea prices have rallied since the start of the conflict in the Middle East and Adecoagro’s Profertil is a direct beneficiary, says the analyst, who raised the firm’s 2026 and 2027 EBITDA estimates for Adecoagro by 17% and 2%, respectively.
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