BMO Capital raised the firm’s price target on Andersons (ANDE) to $75 from $65 and keeps an Outperform rating on the shares. The company’s record Q4 earnings beat reflected strong Renewables pre-tax profits and lower other expenses which more than offset a slight miss in Agribusiness profits, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANDE:
- The Andersons Q4 Call: Renewables Power Strong Finish
- Andersons reports Q4 adjusted EPS $2.04, consensus $1.56
- The Andersons (ANDE) Q4 Earnings Cheat Sheet
- Microsoft downgraded, Snap upgraded: Wall Street’s top analyst calls
- Andersons initiated with a Buy at Benchmark on ‘exceptionally high’ visibility