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

Tipranks - Tipranks - Fri Jul 3, 7:18AM CDT

Mizuho Securities analyst Edlain Rodriguez maintained a Buy rating on Corteva today and set a price target of $96.00.

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According to TipRanks, Rodriguez is a 4-star analyst with an average return of 8.3% and a 63.04% success rate. Rodriguez covers the Basic Materials sector, focusing on stocks such as Mosaic Co, FMC, and Corteva.

In a report released on June 18, Bank of America Securities also maintained a Buy rating on the stock with a $90.00 price target.

See today’s best-performing stocks on TipRanks >>

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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