BUZZ-BMO Capital Markets raises PT on Corteva

Reuters
08 Jul
BUZZ-BMO Capital Markets raises PT on Corteva

** Brokerage BMO Capital Markets raises price target on agrichemicals company Corteva CTVA.N to $86 from $74

** The new price target represents a nearly 10% upside to the stock's last close

** "We think the stock can continue to work as current attractive multiples keep getting rolled forward on a strong growth profile," - BMO says

** Brokerage adds CTVA can push over $90/shr if the company hits its 2027 EBITDA guidance range midpoint of $4.4 billion

** Shares of CTVA marginally down at $76.35 premarket

** 18 of 25 brokerages rate the stock "buy" or higher, and seven rate it "hold"; their median PT is $75.50 - LSEG Data

** As of last close, CTVA stock is up over 34% YTD

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

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