Market Overview

Deutsche Bank: Monsanto Seasonal Business Update, Reiterates Buy Rating


Deutsche Bank released a research report on Monsanto (NYSE: MON) highlighting the continuation of its price strategy and reiterating Buy status.

In the report Deutsche Bank writes, “Monsanto reaffirmed its target of mid teens EPS growth in ‘12 and will be raising its US corn seed prices by an average of 5%-10% in ‘12 vs '11. Product mix changes are expected to generate a 5-10% improvement in pricing in '12. Pending final corn planting acreage data, Monsanto remains confident that it gained 1 share point in US corn seed market share in '11. ) Monsanto will raise prices for Roundup Ready 2 Yield soybeans in line with inflation to drive trial and adoption.”

Deutsche Bank has a Buy rating and a price target of $80.00 on Monsanto, which closed yesterday at $65.87.


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