Tuesday, September 21, 2010

Morgan Joseph Downgrades Monsanto (NYSE:MON)

Monsanto (NYSE:MON) was slashed by Morgan Joseph from "Buy" to "Hold," not long after they had reiterated a "Buy" on the company in the early part of September.

The seed company had been doing fairly well in the Monday session before the downgrade, which brought them into negative territory soon after.

Monsanto closed Monday at $55.54, down $0.68, or 1.23 percent.

Volume was about a million above the 3-month average, hitting 7,733,725.

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