Monsanto (MON) Misses Q2 EPS by 2c

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Monsanto (MON) Range Bound Due To Lack Of Visibility - Piper Jaffray

April 7, 2016 7:19 AM EDT

PiperJaffray analyst, Brett Wong, reiterated his Overweight rating on Monsanto (NYSE: MON) after the 2Q report but also believes that investors questioning whether Monsanto will be able to reach mid-teen EPS growth next year if grain prices remain at current levels will weigh on the stock, keeping the multiple compressed and the stock range-bound until visibility into FY17 improves in the fall. No change to $95 PT.

Monsanto reported largely in-line 2Q (Feb ending) results where ongoing EPS of $2.42 was in-line with... More