Fermium Research Maintains Outperform on Corteva, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Fermium Research analyst Frank Mitsch has maintained an 'Outperform' rating on Corteva (NYSE:CTVA) but lowered the price target from $72 to $58.
October 30, 2023 | 7:08 pm
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Corteva's price target has been lowered from $72 to $58 by Fermium Research, though the 'Outperform' rating is maintained.
The news directly pertains to Corteva (CTVA) as Fermium Research has lowered its price target for the company. However, the 'Outperform' rating is maintained, indicating that the analyst still expects the company to perform well relative to its peers. This could have a neutral impact on the stock price in the short term as the lowered price target might be a negative signal, but the maintained 'Outperform' rating could offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100