JPMorgan upgrades Corteva rating, sets $19 price target
CTVA Corteva Inc
$14.45 +3.88%
View chart & analysis → - 1Corteva shares rose 4% yesterday.
- 2JPMorgan upgraded its rating on Corteva and set a price target of $19.
- 3JPMorgan determined that Corteva shares are undervalued following the spin-off of its advanced seed and genetics business on October 1.
So what's the key point?
JPMorgan believes Corteva shares are priced lower than their actual value. Therefore, it gave a positive rating with an expectation that the stock will rise to $19.
Source The Motley Fool · View original ↗
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