KeyBanc downgraded Corteva (CTVA) to Sector Weight from Overweight without a price target after the company announced its intent to separate into two public companies. The firm struggles to see the positives stemming from the breakup. In addition, management described a more challenging crop protection environment in the medium term, “which also makes us pause,” the analyst tells investors in a research note. KeyBanc downgrades Corteva pending more clarity on the spin-off.
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