Freedom Capital Markets Starts Alico Inc. (ALCO) at Buy

Freedom Capital Markets analyst Raimzhan Bayterek initiates coverage on Alico Inc. (NASDAQ: ALCO) with a Buy rating and a price target of $44.00.

The analyst comments "We are initiating coverage of Alico Inc. (ALCO) with a Buy rating and a price target of $44.00, reflecting potential upside of 31%. Alico Inc. (“Alico” or “the Company”) is a Florida-based agribusiness and land management company that is transforming its operations by exiting citrus production and focusing on diversified agriculture and real estate development. As per the Company’s official website, it leverages approximately 51,300 acres and associated mineral rights to unlock long-term value, with plans to develop around 5,500 acres for commercial and residential use within five years."

For an analyst ratings summary and ratings history on Alico Inc. click here. For more ratings news on Alico Inc. click here.

Shares of Alico Inc. closed at $33.55 yesterday.

You May Also Be Interested In

• Stripe, Advent In Talks To Buy Paypal - WSJ
• Alico to Present at the 17th Annual Midwest IDEAS Investor Conference
• Home Depot (HD) call put ratio 1.5 calls to 1 put with a focus on September 330 puts into quarter results