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.
News For MON From The Last 14 Days
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Monsanto can execute another reinvention, says Citigroup Citigroup believes Monsanto is reinventing itself like it did when Roundup went off patent in the late 1990's by using the cash flow from the seeds business to get into new growth areas. Citi thinks management can execute the transition but admits the stock may be range-bound over the near-term. The firm keeps a Buy rating on Monsanto with a $146 price target.