The overall Roundup business of Monsanto (NYSE:MON) has been under pressure and that has caused the company to be downgraded by Bank of America (NYSE:BAC) from "Buy" to "Neutral."
Near term the company doesn't have a good outlook, and they've acknowledged that from their lowering their guidance for 2010.
Monsanto plunged yesterday and earlier in Friday's session, but rebounded some in the latter part of the day.
Shares of Monsanto over the last 52 weeks has ranged from 48.16 - 87.40, and stand at $50.60 as of 2:43 p.m. EDT.
The company will have to lower prices of Roundup to compete against generic versions, which will put pressure on revenue and earnings.
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