Alexander & Baldwin price target raised to $22 from $21 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on Alexander & Baldwin to $22 from $21 and keeps a Buy rating on the shares following Q2 operating performance the firm calls “robust.” The firm’s target is based on a 12-month forward net asset value per share estimate of $25.90, up from $25.20 prior to the report, the analyst noted.