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In a report published Wednesday, J.P. Morgan analyst Jeffrey J. Zekauskas reiterated an Overweight rating on
Monsanto CompanyMON.
In the report, J.P. Morgan noted, “This morning Monsanto reported 3Q:F13 (ended May) EPS from continuing operations of $1.66 versus $1.63 in the year-ago period and our estimate of $1.65. The Bloomberg consensus was $1.61. The slightly better-than-expected results versus our estimate stemmed solely from a lower tax rate. Ag Productivity segment EBIT was consistent with our estimate, and Seed & Genomics segment results were somewhat below our estimate.”
Monsanto Company closed on Tuesday at $101.40.
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