Limoneira resumed with an Equal Weight at Stephens

Stephens analyst Pooran Sharma resumed coverage of Limoneira (LMNR) with an Equal Weight rating and $18 price target With the company undergoing a strategic transformation, divesting from lemon-heavy operations and partnering with Sunkist to streamline citrus marketing and reduce overhead, the firm recommends waiting on the sidelines until there is greater visibility into the company’s ability to unlock its cash flow potential with an earnings inflection unlikely before FY27, the analyst tells investors.