Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Monsanto Company

Share:
Related MON
Most Of Credit Suisse's Top Investment Ideas For 2016...In One Place
Monsanto Won't Counter ChemChina's Bid For Syngenta, Bernstein Analyst Says
Monsanto to pay $80M penalty to settle accounting violations (Seeking Alpha)

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Monsanto Company (NYSE: MON), and slightly raised its price target from $98.00 to $99.00.

Jefferies noted, “Monsanto will report Q1 EPS on Tuesday, January 8. We expect a modest upside surprise and an improved outlook of 15%-20% FY13 EPS growth (vs. current ‘mid-teens'), based on strong Latin American order trends, early order patterns in the US and higher glyphosate prices. We are raising FY13E $0.10 to $4.50. We remain concerned that Monsanto's relative multiple could contract next summer if a strong harvest puts pressure on crop prices.”

Monsanto Company closed on Monday at $93.08.

Latest Ratings for MON

DateFirmActionFromTo
Jan 2016Deutsche BankMaintainsBuy
Dec 2015Atlantic EquitiesUpgradesNeutralOverweight
Oct 2015JP MorganAssumesNeutral

View More Analyst Ratings for MON
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (MON)

View Comments and Join the Discussion!

Get Benzinga's Newsletters