Deutsche Bank Maintains a 'Buy' on Monsanto (MON); Getting Better with Time
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Price: $10.07 --0%
Rating Summary:
11 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 10 | New: 16
Rating Summary:
11 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 10 | New: 16
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Deutsche Bank maintains a 'Buy' on Monsanto (NYSE: MON) price target of $100.00 (from $92.00).
Deutsche analyst said, "Monsanto's yield driven growth engine is, like fine wine, getting better with age. In the short-term, '13 is likely to be a repeat of a strong '12 (EPS +26%) driven by a 5-10% price uplift in US corn, acreage growth in both reduced refuge corn and RR2Y soybeans and market share gains in corn and soybeans. Longer-term, with Monsanto poised to launch a major new technology every year between now and the end of the decade, we believe the company could generate mid-teens EPS growth for the remainder of the decade." (FY13 EPS estimate raised from $4.30 to $4.40)
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 $86.64 yesterday.
Deutsche analyst said, "Monsanto's yield driven growth engine is, like fine wine, getting better with age. In the short-term, '13 is likely to be a repeat of a strong '12 (EPS +26%) driven by a 5-10% price uplift in US corn, acreage growth in both reduced refuge corn and RR2Y soybeans and market share gains in corn and soybeans. Longer-term, with Monsanto poised to launch a major new technology every year between now and the end of the decade, we believe the company could generate mid-teens EPS growth for the remainder of the decade." (FY13 EPS estimate raised from $4.30 to $4.40)
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 $86.64 yesterday.
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