Deutsche Bank initiated coverage on Local Bounti with a new price target
$LOCL
Farming/Seeds/Milling
Consumer Staples
Deutsche Bank initiated coverage of Local Bounti with a rating of Buy and set a new price target of $9.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/20/2022 | $8.50 | Equal-Weight | Morgan Stanley |
| 1/4/2022 | $9.00 | Buy | Deutsche Bank |
| 12/22/2021 | $11.00 | Outperform | Oppenheimer |
| 12/21/2021 | $8.00 | Buy | Roth Capital |
Secured $27.5 million of new funding - closed $25 million of new equity proceeds and $2.5 million of capex financing under executed term sheet and completed the restructuring of its existing credit facility – including a nearly 40% reduction through debt extinguishment of approximately $197 million, a significantly lower interest rate, and extended repayment terms with no cash payments until April 2027 Announces leadership succession and new Board appointments – President Kathleen Valiasek succeeds Craig Hurlbert as CEO, Mr. Hurlbert named Executive Chairman Further expansion of regional distribution with Walmart HAMILTON, Mont., March 31, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE
HAMILTON, Mont., March 28, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal full year ended December 31, 2024 after the market closes on Monday, March 31, 2025. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 4:30 p.m. ET on Monday, March 31, 2025. To p
New distribution underscores Local Bounti's customer-centric approach and commercial momentum HAMILTON, Mont., Dec. 16, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has received a two-year award from a large multinational retailer (the "Retailer") to supply Local Bounti's living butter lettuce product to 13 of the Retailer's distribution centers from Local Bounti's California and new Texas facilities. This award underscores Local Bounti's commitment to providing high-quality, fresh produce to consumers nationwide.
Board of Directors Re-Appoints Co-Founder Craig Hurlbert as Chief Executive Officer Georgia Facility Doubled Run-rate Production in December Provides Update to Full Year 2023 Sales Expectation HAMILTON, Mont., Dec. 15, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced a leadership transition and a business update. Craig Hurlbert, the Company's Co-Founder and Chairman of the Board, is reprising the role of Chief Executive Officer, effective immediately. Mr. Hurlbert prev
HAMILTON, Mont., March 21, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that Jennifer Carr-Smith has been appointed to the Company's Board of Directors ("Board") and will serve on the Compensation Committee of the Board, in each case effective May 15, 2023. In connection with this appointment, the Board will be increased from 6 to 7 directors. Ms. Carr-Smith has served as President
HAMILTON, Mont., April 5, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced the successful completion of its acquisition of California-based complementary indoor farming company Hollandia Produce Group, Inc., which operates under the name Pete's®, effective April 4, 2022. "The combination of Pete's operational scale and retail distribution footprint with our market-leading unit-level e
Secured $27.5 million of new funding - closed $25 million of new equity proceeds and $2.5 million of capex financing under executed term sheet and completed the restructuring of its existing credit facility – including a nearly 40% reduction through debt extinguishment of approximately $197 million, a significantly lower interest rate, and extended repayment terms with no cash payments until April 2027 Announces leadership succession and new Board appointments – President Kathleen Valiasek succeeds Craig Hurlbert as CEO, Mr. Hurlbert named Executive Chairman Further expansion of regional distribution with Walmart HAMILTON, Mont., March 31, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE
HAMILTON, Mont., March 28, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal full year ended December 31, 2024 after the market closes on Monday, March 31, 2025. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 4:30 p.m. ET on Monday, March 31, 2025. To p
New distribution underscores Local Bounti's customer-centric approach and commercial momentum HAMILTON, Mont., Dec. 16, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has received a two-year award from a large multinational retailer (the "Retailer") to supply Local Bounti's living butter lettuce product to 13 of the Retailer's distribution centers from Local Bounti's California and new Texas facilities. This award underscores Local Bounti's commitment to providing high-quality, fresh produce to consumers nationwide.
DEFA14A - Local Bounti Corporation/DE (0001840780) (Filer)
DEF 14A - Local Bounti Corporation/DE (0001840780) (Filer)
D - Local Bounti Corporation/DE (0001840780) (Filer)
Morgan Stanley initiated coverage of Local Bounti with a rating of Equal-Weight and set a new price target of $8.50
Deutsche Bank initiated coverage of Local Bounti with a rating of Buy and set a new price target of $9.00
Oppenheimer initiated coverage of Local Bounti with a rating of Outperform and set a new price target of $11.00
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
SC 13G/A - Local Bounti Corporation/DE (0001840780) (Subject)
SC 13G/A - Local Bounti Corporation/DE (0001840780) (Subject)
SC 13D/A - Local Bounti Corporation/DE (0001840780) (Subject)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)