2259 GMT -- Select Harvests' receipt of delayed crop proceeds coupled with an ongoing improvement in almond prices turn Shaw & Partners analysts bullish on the stock. They lift their recommendation on the Australia-listed almond farmer to overweight from market-weight. In a client note, they say they see further potential upside to their forecasts from higher sustainable crop yields and post farm-gate income. A recent equity raise has left the company's balance sheet looking much more comfortable and the Shaw analysts expect dividends to resume with its full-year results announcement. Target price falls 2.4% to A$4.46. Shares are at A$3.69 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 01, 2024 18:00 ET (23:00 GMT)
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