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Farmland Partners downgraded to Neutral from Buy at Lucid Capital

Farmland Partners downgraded to Neutral from Buy at Lucid Capital

Lucid Capital analyst Craig Kucera downgraded Farmland Partners (FPI) to Neutral from Buy with a price target of $12.50, down from $13. The firm cites the stock’s valuation relative to its agricultural real estate investment trust peers for the downgrade. In addition, downward pressure on commodities will likely make 2025 a tough year for agriculture in general, hurting leasing spreads, the analyst tells investors in a research note.

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