Monsanto Gains After Upgrade from J.P. Morgan

Loading...
Loading...
J.P Morgan upgraded shares of Monsanto
MON
from Neutral to Overweight and raised the price target from $115 to $125. The upgrade comes one day after the company
reported upbeat second quarter earnings.
Analyst Jeffrey Zekauskas sees opportunities for Monsanto to create shareholder value including “increasing balance sheet leverage and splitting the company into parts.” The analyst noted the stocks recent underperformance since 2013 and pointed out “a seasonal trade in Monsanto often appears in August and September when the stock tends to swoon in advance of an unprofitable final quarter.” Shares are up 2.3 percent to $117.13 in Thursday's trading after posting modest gains on Wednesday.
Posted In: Analyst ColorAnalyst RatingsMoversJ.P. MorganJeffrey Zekauskas
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...