Market Overview

Jefferies Reiterates Hold Rating on Monsanto, 'Q3 Beat on Taxes'

Related MON
After The Monsanto Downgrade, Where Else Can Traders Look?
Benzinga's Top Downgrades
Global Jitters Send Wall Street Tumbling (Fox Business)

In a report published on Tuesday, Jefferies analyst Laurence Alexander reiterated a Hold rating and a price target of $110 on Monsanto (NYSE: MON).

In the report, Jefferies stated, "Q3 EPS of $1.66 was $0.06 above consensus and our estimate, but pretax income was $0.04 below consensus. Monsanto reiterated the 2013E target of $4.50-$4.55 (vs. $4.58 consensus) and mid-teens growth in 2014E (vs. 16% consensus). Seeds & Genomics were $0.24 lower than forecast and Ag Productivity $0.11 above."

Monsanto closed on Tuesday at $101.40.

Latest Ratings for MON

DateFirmActionFromTo
Dec 2014Miller TabakDowngradesBuyNeutral
Dec 2014Monness Crespi HardtDowngradesBuyNeutral
Oct 2014JefferiesMaintainsHold

View More Analyst Ratings for MON
View the Latest Analyst Ratings

Posted-In: Jefferies Laurence AlexanderAnalyst Color Reiteration Analyst Ratings

 

Related Articles (MON)

Around the Web, We're Loving...

Get Benzinga's Newsletters