The Globe and Mail reports in its Thursday, Aug. 7, edition that ATB Capital Markets analyst Tim Monachello raised his recommendation for Ag Growth International to "outperform" from "sector perform," believing "the upside now outweighs downside risk for investors." The Globe's David Leeder writes that Mr. Monachello gave his share target a $5 boost to $52. Analysts on average target the shares at $53. Mr. Monachello now believes "the upside now outweighs downside risk for investors." He says in a note: "This improved view is based on our view that the U.S. ag cycle is in a trough, and while the trajectory and timing of a recovery are difficult to determine, numerous indicators suggest cyclical downside to demand is limited, while a recovery phase could offer significant upside for investors. More fundamentally, we believe Ag Growth is likely to materially deleverage its balance sheet through H2/25 as it monetizes long-term financing receivables providing upside through debt-to-equity conversion, and Ag Growth's strong commercial momentum should support results over at least the medium-term. ... We now believe the industry downside is relatively limited compared to the upside potential over the medium-term."