On Nov 21, major Wall Street analysts update their ratings for $Corteva (CTVA.US)$, with price targets ranging from $62 to $70.
Morgan Stanley analyst Vincent Andrews maintains with a buy rating, and maintains the target price at $65.
BofA Securities analyst Steve Byrne maintains with a buy rating, and sets the target price at $69.
Citi analyst Patrick Cunningham, CFA maintains with a buy rating.
Barclays analyst Benjamin Theurer maintains with a hold rating, and maintains the target price at $62.
Wells Fargo analyst Richard Garchitorena maintains with a buy rating, and adjusts the target price from $65 to $67.
Furthermore, according to the comprehensive report, the opinions of $Corteva (CTVA.US)$'s main analysts recently are as follows:
Following Corteva's investor day, analysts emerged with a more positive perspective on the company's future, expressing confidence that the EBITDA target for 2027 is within reach with a projection of $4.46 billion. This forecast supports the expectation that the stock could generate substantial annual returns, potentially exceeding 20% at the forecast's midpoint, and around 10% at its lower boundary.
During a recent Investor Day, the focus was placed on three central themes expected to shape the company's strategy through 2027 and beyond. These include substantial ongoing declines in raw materials and other costs, a projected $1 billion growth from new products that are currently in the market or gaining share, and the introduction of disruptive products slated to accelerate growth beyond 2027. The management's presentation was perceived as laying out a persuasive growth narrative, highlighting specific product introductions that are anticipated to be crucial for the company's expansion in the coming years.
The company's investor day presented 2027 financial goals that are both achievable and promising, likely leading to a significant return of capital to shareholders.
Here are the latest investment ratings and price targets for $Corteva (CTVA.US)$ from 8 analysts:
Note:
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