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Fly News Breaks for April 4, 2018
AGRO
Apr 4, 2018 | 06:38 EDT
JPMorgan analyst Lucas Ferreira downgraded Adecogro to Neutral and lowered his price target for the shares to $8.50 from $15. The analyst recommends selective exposure to Latin America agriculture equities and thinks Adecogro's "de-rating" will be "long-lasting." The valuation is not cheap and execution risk may increase if Adecogro moves ahead into food downstream, Ferreira tells investors in a research note.
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