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Fly News Breaks for June 10, 2019
AGRO
Jun 10, 2019 | 04:55 EDT
Citi analyst Fernanda Perez Da Cunha last night upgraded Adecoagro to Buy from Neutral with an increased price target of $8.50. The analyst cites the improvement in commodity prices and a slight reduction in long term maintenance capital expenditures for sugar and ethanol for the upgrade. investing. The analyst now sees Adecoagro's recurring free cash flow yield averaging 10% through 2020.
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