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Jefferies Starts Syngenta (SYT) at Buy; Outstanding In The Field

November 30, 2011 7:26 AM EST
Get Alerts SYT Hot Sheet
Price: $3.28 -4.09%

Rating Summary:
    8 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Jefferies initiates coverage on Syngenta (NYSE: SYT) with a Buy. PT $66.00.

Jefferies analyst says, "Syngenta has emerged from a decade-long transformation as an integrated agricultural solutions company. It is a global leader in agricultural chemicals with a growing seeds platform and a solid pipeline, poised to grow EPS at a 10% rate, or better, and FCF before dividends at 15% through 2016. We believe the shares are attractively valued on relatively conservative estimates."

"Several potential catalysts in 2012: 1) FY11 EPS in February; 2) Price gains; 3) 5% refuge and RIB (approval pending) corn offerings in North America next summer; 4) Latin America triple-stack corn launch next fall; and 5) 1H12 Chinese import approval for Agrisure Viptera."

For an analyst ratings summary and ratings history on Syngenta click here. For more ratings news on Syngenta click here.

Shares of Syngenta closed at $56.91 yesterday.


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