Soleil Securities Maintains a 'Buy' Rating on Monsanto (MON), Says Buy on Weakness
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Soleil Securities maintains a 'Buy' rating on Monsanto (NYSE: MON). Price target $163.
Soleil analyst says, "Corn Seed and Roundup Concerns Way Overblown. Buy On Weakness...Our note addresses negative competitor report issued yesterday commenting on seed and Roundup share and pricing, as well as corn vs. soy acres and a weak pre-buy in 4QC08. Just two areas will likely account for 74% of estimated gross profit in F09, corn seeds & traits and Roundup, and our note discusses concerns in these areas. We continue to believe that MON is bigger, faster, and smarter than consensus thinks."
Monsanto Company (Monsanto) along with its subsidiaries, is a global provider of agricultural products for farmers.
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