September 27, 2012 at 15:42 PM EDT
Monsanto Upgraded: Farmers Feeling Flush, Global Growth Expected
Monsanto (MON) is likely to gain market share in the U.S. and abroad as farmers buy more of its modified seeds, writes Wells Fargo analyst Frank Mitsch in upgrading shares to Outperform from Market Perform. Shares “are trading considerably below historical averages on both P/E (21x vs. 26x) and EV/EBITDA (11.3x vs. 14x) based on [...]
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