UPDATE: Credit Suisse Reiterates Outperform Rating, Lowers PT on Monsanto Company on Revised EPS Estimates

In a report published Monday, Credit Suisse analyst Christopher S. Parkinson reiterated an Outperform rating on

, but lowered the price target from $148.00 to $141.00. In the report, Credit Suisse noted, “Based on revised ‘soft guidance' of earnings growth below the standard 15% to 20% range, we are revising our FY15 EPS estimate to $5.90. The primary reason for our downward revision results from decreasing volume estimates within the corn S&G segment in addition to a slight decline in the ag productivity segment. We are implementing a FY16 EPS estimate of $7.20. Our price target goes to $141, which is 20x our normalized FY18 EPS of $8.40, discounted back.” Monsanto Company closed on Friday at $116.62.