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

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Syngenta (NYSE: SYT) shares are up more than 1 percent Tuesday afternoon after attaining a spot on Goldman Sach's (NYSE: GS) 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.

Latest Ratings for SYT

DateFirmActionFromTo
Feb 2017JefferiesDowngradesBuyHold
Sep 2016BernsteinDowngradesMarket OutperformMarket Perform
Feb 2016BerenbergUpgradesSellHold

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