Mizuho lowered the firm’s price target on Corteva (CTVA) to $78 from $85 and keeps an Outperform rating on the shares following the company’s announcement to split into two. All the legacy liabilities, including historical DuPont pension plan and PFAS obligations will be retained by the new Corteva, the analyst tells investors in a research note. The firm sees the value of the split will take some time to play out.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTVA:
- Corteva price target lowered to $85 from $91 at UBS
- Apple downgraded, Alibaba upgraded: Wall Street’s top analyst calls
- Corteva downgraded to Sector Weight from Overweight at KeyBanc
- Nike upgraded, RH downgraded: Wall Street’s top analyst calls
- Corteva’s Strategic Split: Unlocking Shareholder Value with a Buy Rating