The market may be sinking lower on Thursday, but the Costa Group Holdings Ltd (ASX: CGC) share price has managed to push ever so slightly higher.
At the time of writing the horticulture company's shares are up 1% to $7.36, building on yesterday's 6.5% gain.
Why are its shares climbing higher?
These gains are likely to be attributable to a broker note out of UBS.
According to the note, its analysts have upgraded Costa Group to a buy rating from neutral following the release of its solid half-year results.
Its analysts also lifted the price target on its shares to $7.50 from $6.80.
The broker appears to have been particularly impressed with the performance of Costa Group's Produce segment. This segment performed above the broker's expectations thanks to strong growth in citrus and tomatoes.
UBS isn't the only broker that is bullish on Costa Group. A note out of the Macquarie Group Ltd (ASX: MQG) equities desk revealed that its analysts have retained their outperform rating and increased the price target on its shares to $7.60.
