Gladstone Land price target raised to $12 from $10 at Alliance Global

Alliance Global analyst Gaurav Mehta raised the firm’s price target on Gladstone Land (LAND) to $12 from $10 and keeps a Neutral rating on the shares. The firm updated its model following Gladstone Land’s Q4 earnings report. Demand for berries and vegetables farms remain steady, with some improvement in pricing, the firm says, adding that management remains cautious in the acquisition market due to high cost of capital and lower cap rates.