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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsPrice TargetInitiationSmall CapAnalyst RatingsMoversTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!