Limoneira stock initiated at buy by Freedom Broker, $16 target
Freedom Broker initiated coverage on Limoneira (LMNR) with a buy rating and $16 target, a 49.81% upside from $10.68 close. The stock trades at $10.06, near 52-week low. Limoneira reported a wider Q3 loss, revenue down 7.8% to $43.8M, but adjusted EBITDA improved 30% to $3.9M. The company focuses on higher-margin crops and real estate.





