Monsanto Gains As Analyst Upgrades on Dip in Stock Price
NEW YORK (AP) -- Shares of Monsanto Co. jumped in early Monday morning trading, after a UBS analyst upgraded the seed maker to "Buy" and said a pullback in the stock price has made shares a better value.
"We still see the lower corn acres impacting profits in Monsanto's seed business, but now see the risk of any weakness priced into the shares," Shaw wrote in a client note.
Shaw upgraded the stock to "Buy" from "Neutral," and said there's still a good long-term opportunity for Monsanto's seed business, given a robust research and development pipeline
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