BMO Capital raised the firm’s price target on Andersons (ANDE) to $50 from $45 and keeps a Market Perform rating on the shares. The company’s Q3 results reflected strong ethanol margins, which more than offset lower grain merchandising and storage profits and higher expenses, the analyst tells investors in a research note. 2026 outlook is bright, including potential $0.10-$0.20/gallon tax credit uplift and encouraging ethanol margin environment, the firm added.
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