- Raymond James analyst Buck Horne reiterated an Outperform rating on the shares of Farmland Partners Inc (NYSE:FPI) and raised the price target to $17 from $15.
- The price target raise comes after the U.S. Department of Agriculture’s (USDA) new 2022 land values and the company’s recent acquisitions.
- The analyst said that U.S. farmers continue to enjoy an extremely strong pricing backdrop this year.
- He added that the war in Ukraine continues to create uncertainty and supply shortages throughout the global grain market.
- Owning one of the largest portfolios of commodity row crop acreage in the U.S., Horne believes the company is poised for a sustained period of accelerating growth and NAV accretion.
- Price Action: FPI shares are trading higher by 1.88% at $14.60 on the last check Wednesday.
‘President Biden Expected To Remove Tariff Exemption For Bifacial Solar Panel Imports; No Timeline Set For Removal Of U.S. Bifacial Solar Panel Tariff Exemption’ – Reuters News
The Biden administration is expected to grant a request by South Korea’s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans said on Wednesday.
