Andersons price target lowered to $55 from $70 at Lake Street

Lake Street lowered the firm’s price target on Andersons (ANDE) to $55 from $70 and keeps a Buy rating on the shares. Q1 results exceeded estimates, but the strong performance is being overshadowed by concerns regarding Andersons’ direct and indirect exposure to an uncertain global trade flow, the analyst tells investors. While the firm is “sympathetic to this market reaction,” it believes Andersons’ earnings power is “far more durable than implied by its valuation,” the analyst added.