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Fly News Breaks for December 10, 2019
AGRO
Dec 10, 2019 | 09:21 EDT
JPMorgan analyst Lucas Ferreira upgraded Adecoagro to Overweight from Neutral with a price target of $9, up from $8. The stock's "three main value drags" are being resolved with reduced uncertainties on its capital allocation, sugar prices bouncing back after three years of surplus, and risk from Argentina's political environment now being priced into the shares, Ferreira tells investors in a research note. He also believes Adecoagro's free cash flow visibility is improving.
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