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.
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