Barclays Downgrades Corteva to Equal-Weight, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Theurer has downgraded Corteva (NYSE:CTVA) from Overweight to Equal-Weight and reduced the price target from $66 to $50.
November 14, 2023 | 10:43 am
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Corteva's stock rating was downgraded by Barclays from Overweight to Equal-Weight, and its price target was lowered from $66 to $50.
The downgrade by Barclays from Overweight to Equal-Weight suggests a neutral outlook on Corteva's stock, indicating that the stock may perform in line with the market. The reduction in price target from $66 to $50 represents a significant decrease in expected value, which could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100