Corteva price target raised to $73 from $68 at RBC Capital

RBC Capital raised the firm’s price target on Corteva (CTVA) to $73 from $68 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 in the Chemicals & Packaging sector. The firm continues to favor names with cost reduction programs given margin improvement potential before demand starts to improve, companies with strong operating leverage and potential for positive volume growth inflection in the second half of the year, and names with low leverage, the analyst tells investors in a research note. For the company, RBC notes that Corteva’s strong product offerings and technology could help drive pricing power to partially offset FX headwind impact, also citing the management expectations of low single digit pricing improvement this year on higher corn seed prices driven by strong performance offerings.