Deutsche Bank Is Bullish On This Agriculture Company

  • Deutsche Bank analyst Christopher Barnes initiated coverage of Local Bounti Corp LOCL with a Buy rating and $9 price target, implying a 25.6% upside.
  • The analyst sees Local as a well-positioned controlled environment agriculture company "capable of disrupting the traditionally grown leafy greens value chain."
  • He notes the company is "on the cusp" of a multi-year revenue growth opportunity.
  • Price Action: LOCL shares are trading higher by 2.36% at $7.17 on the last check Tuesday.
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LOCLLocal Bounti Corp
$2.012.03%

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57.52
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35.24
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