S&W Seed price target lowered to $25 from $35 at Lake Street

Lake Street lowered the firm’s price target on S&W Seed to $25 from $35 and keeps a Buy rating on the shares. Following a Q3 beat that “delivered dramatic earnings improvement,” shares were lower given immediate-term uncertainty from Chinese tariffs, the analyst noted. However, the firm believes this dynamic “does not materially change the strategic review process,” which it expects to deliver a significant value unlock, so it would “encourage value and special sits-oriented investors to accumulate positions ahead of this event.”