The Globe and Mail reports in its Friday, Aug. 1, edition that Desjardins Securities analyst Gary Ho has reaffirmed his "buy" recommendation for Ag Growth International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ho gave his share target a $2 boost to $49. Analysts on average target the shares at $51.13. Mr. Ho sees Ag Growth "showing resilience in a tough farm environment." He says the company posted in-line second quarter results. Mr. Ho says in a note: "While the North American farm outlook remains murky, international commercial has hit full stride. The order book grew 4 per cent year-over-year with $100-million of additional new commercial wins post-Q2. While elevated leverage remains a sticking point, new FIDC funds should improve cash flow by Q4." The Globe reported on June 20 that ATB Capital Markets analyst Tim Monachello had reaffirmed his "sector perform" recommendation for Ag Growth. The shares were then going for $41.08. The Globe reported on June 25 that TD Cowen analyst Michael Tupholme had reaffirmed his "buy" recommendation for Ag Growth. The shares could then be had for $41.22.
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