Deutsche bank (NYSE: DB) Boosts Estimates on Monsanto Corp (NYSE: MON)

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Deutsche Bank (NYSE: DB) analysts boosted their estimates on shares of Monsanto Corp (NYSE: MON) with a price target of $70.00 saying that the company is receiving positive feedback on its revamped pricing strategies. The analysts maintained a “buy” rating in a research note to investors on Monday.

Monsanto Company (Monsanto)along with its subsidiaries, is a worldwide provider of agricultural products for farmers. The Company’s seeds, biotechnology trait products, and herbicides provide farmers with solutions to produce foods for consumers and feed for animals. The Company operates in two segments: Seeds and Genomics, and Agricultural Productivity. In December 2008, the Company acquired 100% interest of Aly Participacoes Ltda. (Aly), which operates the sugarcane breeding and technology companies, CanaVialis S.A. and Alellyx S.A., both of which are based in Brazil. In July 2009, the Company acquired the WestBred, LLC, a Montana-based company that specializes in wheat germplasm.

Shares of Monsanto Corp (NYSE: MON) traded down 0.72% hitting $57.70 during mid-day trading on Monday.

Analysts Ratings: Deutsche bank (NYSE: DB) Boosts Estimates on Monsanto Corp (NYSE: MON)

Posted by on Aug 18th, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

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