Monsanto Stock Sets To Soar; Barron’s (MON)

Agribusiness giant Monsanto MON has lost almost two-thirds of its value since its 2008 high. According to Barron’s, the stock is among the worst-performing equities in the Standard & Poor’s 500 this year. However, Robert Koort, an equity analyst with Goldman Sachs GS, told Barron’s, “We believe the bad news is exhausted.” The stock gained 3% following the endorsement. Barron’s further claimed that it had endorsed the stock a lot earlier. Monsanto (MON), on the other hand, has drastically curtailed its 2010 EPS guidance to $2.40-$2.60 from $3.10 and $3.30.