Corteva (CTVA): New Buy Recommendation for This Basic Materials Giant
RBC Capital analyst Arun Viswanathan maintained a Buy rating on Corteva yesterday and set a price target of $97.00.
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Viswanathan covers the Basic Materials sector, focusing on stocks such as PPG Industries, RPM International, and Sherwin-Williams Company. According to TipRanks, Viswanathan has an average return of 0.9% and a 48.90% success rate on recommended stocks.
In addition to RBC Capital, Corteva also received a Buy from Barclays’s Benjamin Theurer in a report issued yesterday. However, on June 9, 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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- Corteva price target raised to $91 from $84 at Barclays
- Corteva price target lowered to $86 from $90 at UBS
- Analyst Reiterates Buy on Corteva, Sees Market Underappreciating Growth with Unchanged $95 Price Target
- Corteva price target raised to $95 from $84 at Morgan Stanley
- Corteva headquarters its new companies in Indiana and Iowa
