Gilford Securities Downgrades Syngenta to Hold (SYT)

Gilford Securities is out with a research report this afternoon, where it downgrades Syngenta AG (NYSE: SYT) to Hold from Buy.

The Gilford analysts cited the stock's performance versus Monsanto and its earnings outlook vs. the street consensus for the downgrade. The analysts also see bit of margin pressure as a result of the heightened industry competitiveness.

Syngenta AG is an agribusiness operating in the crop protection and seeds businesses. The company is involved in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality.