Lavoro (NASDAQ:LVRO – Get Free Report) had its price objective lowered by research analysts at Oppenheimer from $9.00 to $7.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 65.88% from the company’s previous close.
Several other research firms also recently commented on LVRO. Canaccord Genuity Group reissued a “buy” rating and set a $8.50 target price on shares of Lavoro in a research report on Friday, July 19th. Canaccord Genuity Group upgraded Lavoro to a “strong-buy” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $8.38.
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Lavoro Stock Down 2.3 %
About Lavoro
Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry.
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