Deutsche Bank Raises PT and Estimates on Monsanto (MON) After Strong Start to '12
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Price: $10.07 --0%
Rating Summary:
11 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank maintains a 'Buy' on Monsanto (NYSE: MON) price target raised to $90.00.
Analyst, David Begleiter, said, "While the company expects flat 2H earnings as an early start to the US season pulled sales forward into Q2, with ’12 corn acreage tracking to the high end of the target range, soybean acreage tracking in-line, US corn/soybean share gains likely, high-teens EPS growth achievable in '12-'13E and valuation a fair 22.7x C'12E EPS, Monsanto is our preferred way to play a strong ag cycle."
"To reflect the Q2 beat and continued confidence in Monsanto’s targets, we are raising our ‘12E EPS $0.05 to $3.55, up 21%, and our ‘13E EPS $0.05 to $4.10, up 15%."
For an analyst ratings summary and ratings history on Monsanto click here. For more ratings news on Monsanto click here.
Shares of Monsanto closed at $80.58 yesterday.
Analyst, David Begleiter, said, "While the company expects flat 2H earnings as an early start to the US season pulled sales forward into Q2, with ’12 corn acreage tracking to the high end of the target range, soybean acreage tracking in-line, US corn/soybean share gains likely, high-teens EPS growth achievable in '12-'13E and valuation a fair 22.7x C'12E EPS, Monsanto is our preferred way to play a strong ag cycle."
"To reflect the Q2 beat and continued confidence in Monsanto’s targets, we are raising our ‘12E EPS $0.05 to $3.55, up 21%, and our ‘13E EPS $0.05 to $4.10, up 15%."
For an analyst ratings summary and ratings history on Monsanto click here. For more ratings news on Monsanto click here.
Shares of Monsanto closed at $80.58 yesterday.
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