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UBS hikes its target price for Monsanto (MON -0.7%) to $88 from $80 but maintains its Neutral...

UBS hikes its target price for Monsanto (MON -0.7%) to $88 from $80 but maintains its Neutral rating on valuation. The firm raises its EPS estimates to $4.40 from $4.25 for 2013 and to $4.95 from $4.55 for 2014 (maintains 2012 at $3.70), citing its product portfolio and pipeline. Also, MON promotes 29-year company veteran Brett Begemann to president.
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