Market Overview

UPDATE: Piper Jaffray Raises PT on S&W Seed Company Following Management Meetings

Share:

In a report published Monday, Piper Jaffray reiterated its Overweight rating on S&W Seed Company (NASDAQ: SANW), and raised its price target from $14.00 to $17.00.

Piper Jaffray noted, “After hosting investor meetings with SANW management, we are incrementally more confident in the multiple upcoming catalysts that are lining up to sharply increase sales, as well as profitability over the next 2-3 years. First and foremost is a sharp increase in seed production that we believe will comfortably be within management's 9-10 million lb. range - with potential acquisitions providing the opportunity for upside. Seed pricing is trending above our model which provides another lever for upside. Longer term, we believe initial efforts to incorporate biotech traits is progressing smoothly, which provides a transformative step function in margins over time. SANW's move into dormant alfalfa seed provides another lever for upside beginning in CY14.”

S&W Seed Company closed on Friday at $10.05.

Latest Ratings for SANW

DateFirmActionFromTo
Feb 2020B. Riley FBRReiteratesBuy
Sep 2019B. RileyMaintainsBuy
Sep 2018B. Riley FBRMaintainsBuyBuy

View More Analyst Ratings for SANW
View the Latest Analyst Ratings

 

Related Articles (SANW)

View Comments and Join the Discussion!

Posted-In: Piper JaffrayAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
PRTKHC Wainwright & Co.Maintains19.0
MCRBHC Wainwright & Co.Maintains41.0
EOLSHC Wainwright & Co.Maintains8.0
PRTSSmall Cap Consumer ResearchMaintains16.0
FIXXHC Wainwright & Co.Maintains30.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com