BB&T Capital Markets Raises ANDE Target To $49 From $41

BB&T Capital Markets is raising its PT on The Andersons, Inc. ANDE to $49. “We reiterate our Buy (1) rating and have increased our 12-month price target to $49 from $41,” BB&T Capital Markets writes. “Our new price target is based upon 13.0x our revised FY'11 EPS estimate, below its peer group and in-line with its historical long-term average. “We believe that ANDE should trade in-line with its historical average, given its very strong earnings potential in 2011, solid management and financial position.” The Andersons closed Tuesday at $40.65.