Market Overview

J.P. Morgan Reiterates Overweight Rating on Monsanto Company

Share:
Related MON
Monsanto Q3 Earnings Beat Estimates
Keep an Eye on These 7 Stocks for June 24, 2015

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
Jun 2015BarclaysMaintainsEqual-weight
Jun 2015Atlantic EquitiesUpgradesUnderweightNeutral
May 2015Wells FargoDowngradesOutperformMarket Perform

View More Analyst Ratings for MON
View the Latest Analyst Ratings

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

 

Related Articles (MON)

Around the Web, We're Loving...

Get Benzinga's Newsletters