According to J.P. Morgan, Monsanto MON price target is raised to $85.
J.P. Morgan said that people forget that Monsanto used to earn $4.41 per share back in 2009 and $3.67 in 2008 up from $1.99 in 2007. “We raised our price target for Monsanto from $73 to $85 to reflect our increased earnings expectations and the meaningful possibility of earnings growth beyond our projections and Consensus expectations.”
Monsanto closed yesterday at $72.67.
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