Canaccord Genuity Upgrades Monsanto (MON) to Buy Following Raised FY12 Outlook

Canaccord Genuity's Keith Carpenter upgraded shares of Monsanto (NYSE: MON) from Hold to Buy Wednesday afternoon following Q3 guidance and a raised FY12 outlook early this morning. The analyst boosted his price target on the stock from $81 to $89.

Monsanto shares are up 2.7 percent to $76.76 at last check. Carpenter's new price target represents potential upside of about 16 percent from where Monsanto shares are currently trading.

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

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