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May 28 2024, 07:10 IST/BST
Dole plc
Model update
DAVY VIEW
We are lowering our FY24 adjusted EBITDA forecasts by 3.7% to c.$371m, primarily reflecting the impact of the Progressive Produce disposal. Dole’s strong Q1-24 performance underscores its continued outperformance relative to its peer group, and we continue to believe that Dole’s current share price creates a propitious investment opportunity. We reiterate our ‘Outperform’ rating and share price target of $15.
