Wells Fargo raised the firm’s price target on Corteva to $65 from $54 and keeps an Equal Weight rating on the shares. The firm believes the company’s differentiated products, strong seed franchise and cost discipline prove management’s ability to deliver on 2025 EBITDA targets despite a difficult 2023, the analyst tells investors in a research note.
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Read More on CTVA:
- Corteva price target lowered to $56 from $59 at Mizuho
- Corteva Reports Fourth Quarter and Full-Year 2023 Results, Provides 2024 Guidance
- Corteva sees 2024 operating EPS $2.70-$2.90, consensus $3.01
- Corteva reports Q4 operating EPS 15c, consensus 6c
- Corteva options imply 4.6% move in share price post-earnings
