How will El Nino buoy Select Harvests?
Elise ShawMarkets Online Editor
UBS raised Select Harvests to a "buy" recommendation from "neutral" and put a 12-month price target of $13.65 on the stock, up from $13.05 previously.
"The current El Nino weather event is expected to lead to lower-than-average rainfall on Australia's east coast and a higher chance of excess rainfall in California (80 per cent of world's almond supply).
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