Mizuho Securities analyst Edlain Rodriguez maintained a Buy rating on Corteva (CTVA – Research Report) yesterday and set a price target of $71.00.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Edlain Rodriguez’s rating is based on Corteva’s strong performance in the agricultural sector, particularly in crop protection and seed segments. The company demonstrated resilience with a significant increase in organic sales across various regions, driven by volume growth despite price pressures. Furthermore, Corteva’s crop protection segment outperformed expectations, showing stability amidst market challenges. The company’s strategic initiatives, such as improving the product mix and expanding in Latin American markets, have contributed to its robust growth outlook. Despite some headwinds from foreign exchange impacts, the overall financial guidance remains solid, with a potential increase in EBITDA due to operational efficiencies. As a result of these positive factors, the price target has been adjusted upwards, reinforcing the Buy recommendation.
In another report released on January 28, Wells Fargo also maintained a Buy rating on the stock with a $73.00 price target.
CTVA’s price has also changed moderately for the past six months – from $51.310 to $63.820, which is a 24.38% increase.