Morgan Stanley Sees High Quality Growth Story For Monsanto
In a report published Thursday, Morgan Stanley analyst Vincent Andrews reiterated an Overweight rating and $150.00 price target on Monsanto Company (NYSE: MON).
In the report, Morgan Stanley noted, “Reiterate $150 year-end PT as key tenant of $200 Bull Case is now in play: a $11B (~18% DSO) buyback should not only compound the high visibility growth from Intacta Soybeans (key Base Case driver) but it should also minimize commodity price concerns (a perennial overhang on the stock).”
Monsanto closed on Wednesday at $126.73.
Latest Ratings for MON
|Aug 2015||Morgan Stanley||Assumes||Overweight|
|Aug 2015||Canaccord Genuity||Maintains||Buy|
|Aug 2015||Piper Jaffray||Maintains||Overweight|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.