BUZZ-Jefferies raises PT on Corteva after Q1 profit beat

Reuters
2025/05/09
BUZZ-Jefferies raises PT on Corteva after Q1 profit beat

** Jefferies raises price target on U.S. agrichemicals company Corteva CTVA.N to $80 from $72, maintains "buy" rating

** New PT a 19.6% upside to stock's last close

** Corteva on Wednesday posted Q1 adjusted operating profit of $1.13 per share vs est of 88 cents per share - data compiled by LSEG

** Brokerage expects 2026-2030 period to validate the relative resilience of CTVA's share price, given a strong balance sheet and operating leverage to climate stress

** Brokerage estimates company-wide sales to increase 2.7% in 2025, and core profit margins to expand by ~150 basis points

** 18 of 25 brokerages rate the stock "buy" or higher, 7 "hold"; median PT is $72 - data compiled by LSEG

** Up till last close, stock up 18.7% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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