Syngenta Shares Outperform as Goldman Added to 'Conviction Buy' List

Syngenta

shares are up more than 1 percent Tuesday afternoon after attaining a spot on Goldman Sach's

lauded "Conviction Buy" list. Goldman believes recent concerns over the delayed U.S. crop planting season are overdone, while Syngenta's long-term fundamentals are sound. The firm believes Syngenta's unlevered balance sheet could allow for over $4 billion in potential acquisitions. These acquisitions could generate substantial shareholder value and help "decouple" the company from the volatile agricultural cycle.