Corteva price target lowered to $68 from $69 at RBC Capital

RBC Capital lowered the firm’s price target on Corteva (CTVA) to $68 from $69 and keeps an Outperform rating on the shares. The company posted a Q3 miss, which was partly due to lower Argentina Seed volumes and dry weather in Brazil, the analyst tells investors in a research note. The stock’s somewhat negative reaction was also due to Corteva’s 2025 operating EBITDA guide of $3.6B-$4.0B, given consensus was at about $3.9B, RBC added.