The Globe and Mail reports in its Wednesday, Oct. 15, edition that RBC analyst Andrew Wong cut his Ag Growth International share target to $50 from $55 with an unchanged "outperform" ranking. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $53. Mr. Wong says in a note: "We see Q3 estimates as slightly below consensus, due to ongoing farm segment weakness and incremental margin pressure from U.S. steel tariffs, although partially offset by stronger commercial performance. We still think 2025 guidance is achievable, although more back-end weighted due to being driven by commercial contract wins offsetting softer farm segment sales. We remain positive on Ag Growth given expectations for a farm segment recovery in 2026, continued growth in commercial, and a potential FCF inflection into 2027 (approximately 7-per-cent FCF yield in 2025/2026, 13 per cent in 2027)." The Globe reported on May 9 that Mr. Wong had upgraded Ag Growth to "outperform" from "sector perform." The shares could then be had for $38.35. The Globe reported on Aug. 7 that ATB Capital Markets analyst Tim Monachello had hiked Ag Growth to "outperform" from "sector perform." It was then worth $42.87.
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