Monsanto price target raised to $130-$135 from $118-$120 at Wells Fargo Wells Fargo increased its price target on Monsanto after the company reported higher than expected Q1 EPS. The firm thinks the results "provide a sense of momentum" for the company, and it keeps an Outperform rating on the shares.
GMO seed makers limit launches as China slow on approvals, Reuters says Seed companies like Syngenta (SYT), Dow AgroSciences (DOW) and Bayer (BAYRY) are altering their plans for new product launches as China has taken longer than usual to approve new GMO crops, says Reuters. Grain traders Cargill and Archer Daniels Midland (ADM) have already sued Syngenta, claiming the seed company misrepresented how long it would take to win Chinese approval for the seeds, added Reuters. Monsanto (MON) is another company in the seed business. Reference Link