Information Provided By:
Fly News Breaks for November 7, 2018
RIBT
Nov 7, 2018 | 08:09 EDT
Lake Street analyst Chris Krueger noted that RiceBran's Q3 results met expectations, but "importantly" the company announced its option to acquire Golden Ridge's rice mill was exercised, which doubles its revenue outlook for 2019. A larger rice crop currently being harvested as well as mill ownership should clear up the weak rice bran supply issues that hurt sales and margins in 2018, said Krueger, who raised his price target on RiceBran shares to $5 and keeps a Buy rating on the stock.
News For RIBT From the Last 2 Days
There are no results for your query RIBT