Dole price target raised to $12 from $10 at BofA

BofA analyst Bryan Spillane raised the firm’s price target on Dole to $12 from $10 and keeps an Underperform rating on the shares. Dole reported strong Q2 results, but its revised outlook for fiscal 2024 implies a challenging second half of the year, the analyst tells investors in a research note. The company operates in an inherently volatile industry where profitability can be negatively impacted by factors outside the company’s control, BofA says.