- Monsanto (MON +1.2%) is upgraded to Buy from Hold with a $130 price target, up from $106, at Miller Tabak, noting that the Street is bracing for limited-to-no upside to FY 2014 guidance because of uncertainty over the impact of tightening credit on Ukrainian seed volumes going forward and Brazilian weather impact on Intacta supply availability for next season.
- The firm sees a positive shift in underlying agriculture macro trends enabling MON to bridge the earnings hurdle between recent multi-year highs, Roundup margins, strong seed prices and the next burst of material margin uplift from Intacta and IFS products in FY 2016.
From other sites
at 4-traders.com (Tue, 5:31PM)
at 4-traders.com (Tue, 5:03PM)
at 4-traders.com (Tue, 4:38PM)
at 4-traders.com (Tue, 2:37PM)
at MarketWatch.com (Mon, 5:46PM)
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