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J.P. Morgan Reiterates Overweight Rating on Monsanto Company

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In a report published Wednesday, J.P. Morgan & Co. reiterated its Overweight rating on Monsanto Company (NYSE: MON).

J.P. Morgan noted, “Monsanto restated its goal of mid-teens earnings growth for F2013. The company is probably positioned to do much better than this. Monsanto indicated its corn seed pricing intentions for 2013 at an earlier juncture than it has made them available historically. It intends a 5-10% domestic increase in seed prices for 2013: a combination of positive mix effects from germ-plasm and seed traits as well as a lift to list prices. In addition, there is room to improve the corn seed product mix in both Brazil and Argentina. These are the preconditions of a strong prospective year. We note that Monsanto's corn seed revenue base is almost $6 billion in F2012.”

Monsanto Company closed on Tuesday at $86.20.

Latest Ratings for MON

DateFirmActionFromTo
Oct 2014JefferiesMaintainsHold
Sep 2014Stifel NicolausUpgradesHoldBuy
Sep 2014OTR GlobalDowngradesMixedNegative

View More Analyst Ratings for MON
View the Latest Analyst Ratings

Posted-In: J.P. Morgan & Co.Analyst Color Reiteration Analyst Ratings

 

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