Limoneira assumed with a Buy at Lake Street

Core Viewpoint - Lake Street has initiated coverage of Limoneira (LMNR) with a Buy rating and a revised price target of $19, down from $23, indicating a positive long-term outlook despite recent challenges [1] Financial Performance - Limoneira recently reported Q4 results that faced pressure due to the final stages of the Sunkist transition, restructuring actions, and avocado replanting activity [1] - The near-term profitability is weaker, but this has a limited impact on the firm's longer-term investment thesis [1] Management Guidance - Management has indicated that FY26 will be an inflection year for the company [1] - The analyst views Limoneira as increasingly positioned as a diversified asset-backed business with multiple value creation drivers over the next several years [1]