Alico price target raised to $45 from $42 at Roth Capital

Roth Capital analyst Gerry Sweeney raised the firm’s price target on Alico (ALCO) to $45 from $42 and keeps a Buy rating on the shares. Alico continues its transition to a real estate-focused company as it moves away from citrus production, the analyst tells investors in a research note. The firm says the company continues to maximize its other real estate holdings through leases, sand mining and other opportunities. Roth updated Alico’s model to reflect its real estate assets.