Monsanto (MON +2.5%) shares pull back after a Reuters report suggests BASF (BASFY.PK) is not...

|About: Monsanto Company (MON)|By:, SA News Editor

Monsanto (MON +2.5%) shares pull back after a Reuters report suggests BASF (BASFY.PK) is not planning a bid for the company; buyout rumors had sent the stock up as much as 4%. Deutsche Bank had upgraded the shares yesterday on valuation and faith that "its strategy will drive share gains and mid-teens EPS growth over the next three years."