Credit Suisse Believes Long Term Opportunity Trumps '15 Headwinds for Monsanto Company

In a report published Thursday, Credit Suisse analyst Christopher S. Parkinson reiterated an Outperform rating and $141.00 price target on

. In the report, Credit Suisse noted, "MON reported adj F2Q15 EPS of $2.90 beating our $2.85 est, but slightly missing the $2.93 consensus. Adjustments on the quarter include $0.02 of income from discontinued operations. The primary miss to our estimate resulted from weaker corn revenues, partially offset by a slightly higher margin. MON expects full year results will be at the low end of the $5.75-$6.00 guidance range, which we view positively as expectations were for a reduction given FX headwinds of $0.35-$0.40/shr (prior $0.15-$0.20/shr). After adjustments to our model, we est. '15 EPS of $5.80 (from $5.85), while our '16 est. goes to $6.90 (from $7.05). Our $141 TP remains unchanged." Monsanto Company closed on Wednesday at $116.96.