Jefferies raises PT on Corteva after Q1 profit beat
ReutersMay 9, 2025 10:56 AM
Jefferies raises price target on U.S. agrichemicals company Corteva CTVA.N to $80 from $72, maintains "buy" rating
New PT a 19.6% upside to stock's last close
Corteva on Wednesday posted Q1 adjusted operating profit of $1.13 per share vs est of 88 cents per share - data compiled by LSEG
Brokerage expects 2026-2030 period to validate the relative resilience of CTVA's share price, given a strong balance sheet and operating leverage to climate stress
Brokerage estimates company-wide sales to increase 2.7% in 2025, and core profit margins to expand by ~150 basis points
18 of 25 brokerages rate the stock "buy" or higher, 7 "hold"; median PT is $72 - data compiled by LSEG
Up till last close, stock up 18.7% YTD
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