Analysts at Ord Minnett have raised their price target on Australia’s Big River (ASX:BRI) to A$2.79 from A$2.77.

They believe the resilience of the company’s outlook was a positive surprise compared to earlier expectations.

The brokerage firm continues to believe that Big River (ASX:BRI) will be able to deliver more resilient results in the short-term relative to future expectations.

Further, the firm adds that Big River (ASX:BRI) remains well-positioned to leverage the strengthening medium-to-longer term outlook, and maintains their ‘buy’ position.

The stock has seen a 15% increase this year, as of the last closing price.

Big River (ASX:BRI) is an Australian company known for its resilient business strategy.