Lake Street has ‘increasing conviction’ in Buy rating on American Vanguard

Following meetings with Dak Kaye, the new CEO of American Vanguard (AVD), Lake Street analyst Ben Klieve believes 2024 will be the trough for both the company’s earnings power and balance sheet and sees “many different ways this stock can work over the next 12 months,” leading the analyst to reiterate a $14 price target and Buy rating “with increasing conviction.”