Dole resumed with an Equal Weight at Stephens

Stephens resumed coverage of Dole (DOLE) with an Equal Weight rating and $16 price target Dole faces near-term headwinds from higher sourcing costs, weather-related disruptions, and tight banana supply out of Ecuador, says the analyst, who remains cautious at current levels with only modest EBITDA growth expected over the next year. the firm would look for signs of margin improvement before turning more constructive, the analyst added.