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New Buy Rating for Corteva (CTVA), the Basic Materials Giant

Tipranks - Tipranks - Fri May 29, 4:44AM CDT

Wells Fargo analyst Michael Sison reiterated a Buy rating on Corteva yesterday and set a price target of $90.00. The company’s shares closed yesterday at $79.89.

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According to TipRanks, Sison is an analyst with an average return of -1.0% and a 42.46% success rate. Sison covers the Basic Materials sector, focusing on stocks such as Albemarle, Celanese, and Corteva.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Corteva with a $89.62 average price target.

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Based on Corteva’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.91 billion and a net profit of $720 million. In comparison, last year the company earned a revenue of $4.42 billion and had a net profit of $652 million

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