Barclays Maintains Overweight Rating for Corteva: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Overweight rating for Corteva (NYSE:CTVA) but lowered its price target from $70.00 to $67.00. Corteva's shares are currently trading down 1.11% at $51.83 per share. A move to $67.00 would represent a 29.27% increase from the current share price.
August 14, 2023 | 5:00 pm
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Barclays has maintained its Overweight rating for Corteva but lowered its price target. This could potentially lead to a short-term decrease in Corteva's stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. Barclays' decision to lower its price target for Corteva, despite maintaining an Overweight rating, could lead to a short-term decrease in the stock's price as it may be interpreted as a less optimistic outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100