Roth Capital Reiterates Buy On Landec Shares, $18 PT
In a research report issued today, Roth Capital analyst Anton Brenner reiterated a Buy rating on Landec (NASDAQ:LNDC) with a price target of $18.00.
Brenner noted, “We believe F2015 will be a difficult year for Landec, with net income expected to decline ~15% as a result on one-time items. Income should rebound sharply in F2016, with an increase of close to 70% projected by management. Expected rapid growth of Apio’s high-margin line of vegetable salad kits, new products from Lifecore and further expansion of capacity for Windset Farms, which would result in a significant increase in fair market value, should drive earnings growth.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Anton Brenner has a total average return of 7.9% and a 60.6% success rate. Brenner has a -6.4% average return when recommending LNDC, and is ranked #756 out of 3319 analysts.