Lavoro (LVRO) PT Lowered to $7 at Oppenheimer

Oppenheimer analyst Kristen Owen lowered the price target on Lavoro (NASDAQ: LVRO) to $7.00 (from $9.00) while maintaining a Outperform rating.

The analyst commented: "Trimming estimates, PT to $7. Based on expectation for tighter financing terms and a macro that while not incrementally worse, also doesn’t appear to be improving, we are lowering our forward estimates. Off our lowered outlook, we trim our PT to $7 from $9, applying an unchanged 7x EV/EBITDA multiple to our update FY25 EBITDA estimate of $121M (was $148M)."

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