Mizuho analyst Edlain Rodriguez lowered the firm’s price target on Corteva to $56 from $59 and keeps a Buy rating on the shares. Reflecting the lower reset in crop protection, management lowered 2025 EBITDA midpoint target to $4.1B from $4.4B, the analyst tells investors in a research note. However, the firm says favorable seed pricing in 2024 is expected to more than offset unfavorable pesticide pricing.
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