UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Monsanto Company

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Monsanto Company MON, and raised its price target from $99.00 to $110.00. Jefferies noted, “Q1 EPS of $0.62 per share was $0.25 above consensus and $0.24 above our estimate. The company raised FY13 guidance to $4.30-$4.40 (16-19%) excluding a potential $0.20-$0.25 tailwind from Roundup Ready soybean in Brazil. We are maintaining FY13E EPS of $4.50 and raising FY14E $0.10 to $5.30 to reflect increased penetration rates in Latin America, timing of commercialization of the R&D pipeline, pricing and operating leverage.” Monsanto Company closed on Tuesday at $98.50.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorPrice TargetAnalyst RatingsJefferies & Company
Benzinga simplifies 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!