American Vanguard price target lowered to $12 from $14 at Lake Street

Lake Street lowered the firm’s price target on American Vanguard (AVD) to $12 from $14 and keeps a Buy rating on the shares. The delayed Q1 10-Q was filed Friday morning with results that were below expectations, though the firm is “giving a mulligan this period” given the industry’s post-destocking shift to a just-in-time order pattern in 2025 and a very difficult year-over-year comparison, the analyst tells investors. The firm continues to expect EBITDA improvement in the coming quarters, though it “appears a more formative full-year EBITDA improvement is now an FY26 event,” the analyst added.