Corteva adds to gains on report of possible split; BMO, Oppenheimer differ on need

Corteva shares CTVA.N rise 1% to $75.03 premarket, adding to 1.8% increase on Friday

WSJ reported late Fri that Corteva is exploring splitting its seeds and pesticide businesses, aiming to shield its seeds ops from potential liabilities on pesticide ops

CTVA did not respond to Reuters request for comment on Fri

BMO Capital Markets says not convinced break-up is value-enhancing, but Oppenheimer says a carve out make sense from a financial perspective

Oppenheimer's Kristen Owen adds seeds could fetch an EV of ~41 bln or ~$63/shr and pesticides ~15 bln or $24/share, assuming proportional balance sheet

As of last close, CTVA shares up 30.4% YTD