The soaring price of major grains corn, soybeans and wheat has a number of agriculturally related stock generating interest, as they soar in price, including firms like Monsanto (NYSE:MON), DuPont (NYSE:DD) and Dow Chemical(NYSE:DOW), which have had coverage initiated on them by Credit Agricole (OTC:CRARY).
Lower estimated crop yields in the sector are the reasons behind the surge in prices.
Monsanto and its nemesis DuPont were both started off with "Outperform," while Dow Chemical received an "Underperform" rating from Credit Agricole.
Dow Chemical closed the trading session on Wednesday at $29.82, rising a penny, or 0.03 percent. Credit Agricole has a price target of $88 on them.
Dupont finished at $46.88, gaining $0.59, or 1.27 percent. A price target of 54 has been placed on the company.
Monsanto performed the best of the three Wednesday, reaching $54.69, a gain of $2.44, or 4.67 percent. They have a price target of $60 a share.
Showing posts with label Dow Chemical. Show all posts
Showing posts with label Dow Chemical. Show all posts
Thursday, October 14, 2010
Tuesday, July 6, 2010
Dow Chemical (NYSE:DOW), Syngenta (NYSE:SYT) in Distribution Agreement
Dow Chemical (NYSE:DOW) announced they've entered into an exclusive supply and distribution agreement with Syngenta AG (NYSE:SYT), which will go into effect on September 1.
The agreement with Syngenta is via Dow's wholly owned subsidiary Dow AgroSciences.
Syngenta will supply and distribute crop protection products from Dow AgroSciences to the Commonwealth of Independent States (CIS) markets.
Countries included in that region are Kyrgyzstan, Armenia, Azerbaijan, Belarus, Uzbekistan, Kazakhstan, Moldova, Russia, Tajikistan, Georgia, Turkmenistan and Ukraine.
The Seeds, Traits, & Oils of Dow AgroSciences won't be affected by the deal, and will continued to be operated under the Dow roof.
Terms of the deal weren't disclosed.
The agreement with Syngenta is via Dow's wholly owned subsidiary Dow AgroSciences.
Syngenta will supply and distribute crop protection products from Dow AgroSciences to the Commonwealth of Independent States (CIS) markets.
Countries included in that region are Kyrgyzstan, Armenia, Azerbaijan, Belarus, Uzbekistan, Kazakhstan, Moldova, Russia, Tajikistan, Georgia, Turkmenistan and Ukraine.
The Seeds, Traits, & Oils of Dow AgroSciences won't be affected by the deal, and will continued to be operated under the Dow roof.
Terms of the deal weren't disclosed.
Friday, May 21, 2010
Monsanto (NYSE:MON) Retains UBS (NYSE:UBS) Buy Rating
Monsanto (NYSE:MON) retained its buy rating from UBS Securities (NYSE:UBS), as analyst Don Carson kept it the same, while also retaining his price targe of $83 a share, down from his previous $86 a share.
Most analysts, including Carson, look at Monsanto's Roundup herbicide as unable to improve its price, not because of generic versions from China, but from their major competitors like Dow Chemical (NYSE:DOW) and Syngenta AG (NYSE:SYT).
Carson also reduced the earnings per share for Monsanto for the current fiscal year from $3.10 to $3.00, ending in August 2010; down from $3.95 to $3.65 for fiscal 2011; and from $4.85 to $4.40 for fiscal 2012.
Most analysts, including Carson, look at Monsanto's Roundup herbicide as unable to improve its price, not because of generic versions from China, but from their major competitors like Dow Chemical (NYSE:DOW) and Syngenta AG (NYSE:SYT).
Carson also reduced the earnings per share for Monsanto for the current fiscal year from $3.10 to $3.00, ending in August 2010; down from $3.95 to $3.65 for fiscal 2011; and from $4.85 to $4.40 for fiscal 2012.
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