Goldman Sachs (NYSE:GS) raised its price target on Monsanto (NYSE:MON), along with its earnings estimate, and have a "Buy" rating on the seed company.
In a mixed response to their products this year, Monsanto recently got a win, after having their sugar beet seeds banned until more studies are done on them.
Brazil recently approved their Roundup soybean seeds, opening up the potential for a large market.
That still has to include the approval of trading partners of Brazil, who must let them know if they'll acquire the finished product if Brazil grows it.
Assuming that happens, it will be a big boost to Monsanto and shareholders.
No comments:
Post a Comment