With both an improved improved outlook for Produce earnings for Costa Group in FY22 and a recently-declining share price, Citi upgrades its rating to Buy from Neutral. The target price falls to $3.45 from $3.64 on a potential loss of quality for the late-season citrus crop.
Sector: Food, Beverage & Tobacco.
Target price is $3.45.Current Price is $2.92. Difference: $0.53 - (brackets indicate current price is over target). If CGC meets the Citi target it will return approximately 15% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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