Corteva price target lowered to $71 from $72 at Mizuho

Mizuho analyst Christopher Parkinson lowered the firm’s price target on Corteva to $71 from $72 and keeps a Buy rating on the shares. Recent checks suggest second half of 2023 estimates are likely too high on de-stocking, but investors still underappreciate the price/cost benefits in seed and better corn seed pricing, the analyst tells investors in a research note.