- Deutsche Bank analyst Christopher Barnes initiated coverage of Local Bounti Corp LOCL with a Buy rating and $9 price target, implying a 25.6% upside.
- The analyst sees Local as a well-positioned controlled environment agriculture company "capable of disrupting the traditionally grown leafy greens value chain."
- He notes the company is "on the cusp" of a multi-year revenue growth opportunity.
- Price Action: LOCL shares are trading higher by 2.36% at $7.17 on the last check Tuesday.
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