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Benzinga
Benzinga
Business
Shivani Kumaresan

Stifel Downgrades Village Farms Post Q4 Results

Village Farms Stifel VFF
  • Stifel analyst Andrew Partheniou downgraded Village Farms International Inc (NASDAQ:VFF) to Hold from Buy with a price target of C$5, down from C$23.
  • The move comes after the company's Q4 results.
  • Though he believes Village Farms could endure over the medium to long term amid Limited Partners exiting the industry, the near-term outlook seems unfavorable, Partheniou said.
  • Price Action: VFF shares are trading lower by 9.75% at $4.68 on the last check Friday.
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