Local Bounti (LOCL) Rating Upgrade to Buy: A Strong Earnings Outlook Ahead

Local Bounti Corporation (LOCL) has been upgraded to a Zacks Rank #2 (Buy), reflecting a positive trend in earnings estimates. The Zacks rating system tracks EPS estimates for the current and following years to determine near-term stock price movements. Rising earnings estimates and the consequent rating upgrade indicate an improvement in the company's underlying business, which should lead to higher stock prices.