In a report published Thursday, Morgan Stanley analyst Vincent Andrews reiterated an Overweight rating and $150.00 price target on Monsanto Company MON.
In the report, Morgan Stanley noted, “Reiterate $150 year-end PT as key tenant of $200 Bull Case is now in play: a $11B (~18% DSO) buyback should not only compound the high visibility growth from Intacta Soybeans (key Base Case driver) but it should also minimize commodity price concerns (a perennial overhang on the stock).”
Monsanto closed on Wednesday at $126.73.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in