2302 GMT - Ord Minnett says it has regained confidence that some of almond grower Select Harvests's recent issues were industry wide, rather than management own goals. Select Harvests last month raised A$80 million of equity, citing bumps in the road after shifting to a new logistics provider in April. "With industry trends continuing to be favorable and with the global almond price continuing to rise, we revise our target price for Select Harvests up to A$4.60 per share and upgrade our recommendation to an accumulate," analyst John Lawlor says. Ord Minnett had previously rated Select Harvests at hold with a A$4.35/share price target. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 07, 2024 19:02 ET (23:02 GMT)
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