** Citigroup says overall agri fundamentals are trending slightly above initial expectations due to favorable weather conditions and robust planting season
** "We continue to favor CTVA CTVA.N in the near-term, given robust seed portfolio more than offsetting the soft crop protection environment" - Citigroup
** Brokerage expects pricing support for FMC FMC.N later this year due to reduced capacity from a Chinese chemical plant explosion, and modest revenue growth from the fluindapyr sales agreement with CTVA
Brokerage raises PT for the following companies:
Company | New PT | Old PT | Upside |
Corteva CTVA.N | $85 | $78 | 16.1% |
FMC Corp FMC.N | $45 | $41 | 6.9% |
(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))