Gilford Securities Reiterates Buy Rating on Syngenta

According to Gilford Securities, Syngenta (NYSE: SYT) Buy rating is reiterated.

Gilford Securities said that it is maintaining its BUY rating on Syngenta shares, which it went to six months ago (report 4/5/11). "The stock has dropped 11%-12% since then, which we cannot easily explain. Over the period, we have raised our earnings estimates by a hefty $1.33 for 2011, and by $1.59 for 2012."

Syngenta closed yesterday at $59.