Dole downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank downgraded Dole (DOLE) to Hold from Buy with a price target of $15, down from $18. The firm says the Iran conflict and related commodity volatility put further downward pressure on the company’s “already thin” margin structure. The “rapid escalation” in input and logistics costs along with a stronger dollar “could pose a material drag” to Dole’s EBITDA, the analyst tells investors in a research note.