Monsanto Company Delivers Better Than Expected First-Quarter Results
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Piper Jaffray Cuts PT on Monsanto (MON) as Continueing FX Headwinds Impact FY16
January 7, 2016 9:03 AM ESTPiper Jaffray reiterated an Overweight rating on Monsanto (NYSE: MON), and cut the price target to $109.00 (from $113.00), following the company's 1Q16 earnings report amidst ongoing currency headwinds. Monsanto reported mixed fiscal 1Q results, where sales came in below Street expectations, while adjusted ongoing EPS of ($0.11) was above Street of ($0.23) and was well above managements guidance range of ($0.23)($0.33). With the significant decline in the... More
