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

Tipranks - Fri Jun 12, 4:28AM CDT

In a report released today, Benjamin Theurer from Barclays maintained a Buy rating on Corteva, with a price target of $91.00.

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In addition to Barclays, Corteva also received a Buy from Morgan Stanley’s Vincent Andrews in a report issued on June 9. However, on the same day, UBS assigned a Hold rating to Corteva (NYSE: CTVA).

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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