AG Growth International Upgraded to Outperform at Raymond James

MT Newswires Live01-09

AG Growth International Inc. (AFN.TO) was upgraded to Outperform from Market Perform at Raymond James on Friday.

Analyst Steve Hansen maintained a price target of $52 on shares of the Canadian manufacturer of grain storage, conditioning, and handling equipment.

"After an extended filing delay, Ag Growth International (AGI) reported 3Q25 adj. EBITDA of $71.0 Million (+4% y/y), handily ahead of both the Street & RJL estimates of $65 Million & $61 Million, respectively, with the bulk of the upside (vs. our est.) attributable to better-than-expected top line (US & International) and consolidated margin," Hansen said in a note to clients.

"Despite the beat, management issued a cautious 4Q25 outlook, calling for 'lower' Adj. EBITDA (both sequential & y/y) due to challenging market conditions, negative mix, and notably higher SG&A," the analyst said.

"Still, the clear surprise in the report was the lack of any discernible 'impact' on the company's financials associated with the filing delay (no write-downs or charges incurred), suggesting the whole event introduced extraordinary concern over something fairly inconsequential (procedural/training deficiencies)," Hansen said.

"In hindsight, the whole situation now looks like a 'tempest in a teapot'; hence, our decision to upgrade our rating back to Outperform..."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2602817376?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-09 21:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2602817376","market":"sh","top_or_hot":-1,"title":"AG Growth International Upgraded to Outperform at Raymond James","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/AGGZF\">AG Growth International Inc.</a> (AFN.TO) was upgraded to Outperform from Market Perform at Raymond James on Friday.</p><p>Analyst Steve Hansen maintained a price target of $52 on shares of the Canadian manufacturer of grain storage, conditioning, and handling equipment.</p><p>\"After an extended filing delay, Ag Growth International (AGI) reported 3Q25 adj. EBITDA of $71.0 Million (+4% y/y), handily ahead of both the Street &amp; RJL estimates of $65 Million &amp; $61 Million, respectively, with the bulk of the upside (vs. our est.) attributable to better-than-expected top line (US &amp; International) and consolidated margin,\" Hansen said in a note to clients.</p><p>\"Despite the beat, management issued a cautious 4Q25 outlook, calling for 'lower' Adj. EBITDA (both sequential &amp; y/y) due to challenging market conditions, negative mix, and notably higher SG&amp;A,\" the analyst said.</p><p>\"Still, the clear surprise in the report was the lack of any discernible 'impact' on the company's financials associated with the filing delay (no write-downs or charges incurred), suggesting the whole event introduced extraordinary concern over something fairly inconsequential (procedural/training deficiencies),\" Hansen said.</p><p>\"In hindsight, the whole situation now looks like a 'tempest in a teapot'; hence, our decision to upgrade our rating back to Outperform...\"</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AG Growth International Upgraded to Outperform at Raymond James</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAG Growth International Upgraded to Outperform at Raymond James\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-01-09 21:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/AGGZF\">AG Growth International Inc.</a> (AFN.TO) was upgraded to Outperform from Market Perform at Raymond James on Friday.</p><p>Analyst Steve Hansen maintained a price target of $52 on shares of the Canadian manufacturer of grain storage, conditioning, and handling equipment.</p><p>\"After an extended filing delay, Ag Growth International (AGI) reported 3Q25 adj. EBITDA of $71.0 Million (+4% y/y), handily ahead of both the Street &amp; RJL estimates of $65 Million &amp; $61 Million, respectively, with the bulk of the upside (vs. our est.) attributable to better-than-expected top line (US &amp; International) and consolidated margin,\" Hansen said in a note to clients.</p><p>\"Despite the beat, management issued a cautious 4Q25 outlook, calling for 'lower' Adj. EBITDA (both sequential &amp; y/y) due to challenging market conditions, negative mix, and notably higher SG&amp;A,\" the analyst said.</p><p>\"Still, the clear surprise in the report was the lack of any discernible 'impact' on the company's financials associated with the filing delay (no write-downs or charges incurred), suggesting the whole event introduced extraordinary concern over something fairly inconsequential (procedural/training deficiencies),\" Hansen said.</p><p>\"In hindsight, the whole situation now looks like a 'tempest in a teapot'; hence, our decision to upgrade our rating back to Outperform...\"</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RJF","symbol_name":"瑞杰金融","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2602817376","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2602817376","pubTimestamp":1767963679,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"AG Growth International Inc. (AFN.TO) was upgraded to Outperform from Market Perform at Raymond James on Friday.Analyst Steve Hansen maintained a price target of $52 on shares of the Canadian manufact","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"RJF":"瑞杰金融","AG":"First Majestic Silver Corporation"},"translate_title":"Raymond James将AG Growth International评级上调至跑赢大盘","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RJF":1.5,"AG":1.5},"content_text":"AG Growth International Inc. (AFN.TO) was upgraded to Outperform from Market Perform at Raymond James on Friday.Analyst Steve Hansen maintained a price target of $52 on shares of the Canadian manufacturer of grain storage, conditioning, and handling equipment.\"After an extended filing delay, Ag Growth International (AGI) reported 3Q25 adj. EBITDA of $71.0 Million (+4% y/y), handily ahead of both the Street & RJL estimates of $65 Million & $61 Million, respectively, with the bulk of the upside (vs. our est.) attributable to better-than-expected top line (US & International) and consolidated margin,\" Hansen said in a note to clients.\"Despite the beat, management issued a cautious 4Q25 outlook, calling for 'lower' Adj. EBITDA (both sequential & y/y) due to challenging market conditions, negative mix, and notably higher SG&A,\" the analyst said.\"Still, the clear surprise in the report was the lack of any discernible 'impact' on the company's financials associated with the filing delay (no write-downs or charges incurred), suggesting the whole event introduced extraordinary concern over something fairly inconsequential (procedural/training deficiencies),\" Hansen said.\"In hindsight, the whole situation now looks like a 'tempest in a teapot'; hence, our decision to upgrade our rating back to Outperform...\"(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2602817376","isCrawlerRequest":true}