ANDE Q4 Results Ahead, Bullish On Andersons
Symbols: ANDE
Posted in: Analyst Color, Analyst Ratings
Analyst Ian Horowitz of Rafferty Capital Markets maintains his "buy" rating on The Andersons Inc (NASDAQ: ANDE). The target price for ANDE is set to $33.
Andersons reported its Q4 results ahead of the consensus and the estimates, despite its struggling Rail, Turf & Specialty and Retail segments. “As expected, Rail and Retail continued to be impacted by the macroeconomic conditions,” the analyst mentions.
“Our main concern is the continued slip in utilization rates for the Rail segment. We will be looking for management to provide some color on what they are seeing right now in the rail space… We continue to believe that The Andersons presents an interesting opportunity in smid-cap agribusiness,” Rafferty Capital Markets adds.
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