Corteva price target raised to $72 from $71 at KeyBanc

KeyBanc raised the firm’s price target on Corteva (CTVA) to $72 from $71 and keeps an Overweight rating on the shares. The firm says the company’s Q1 de-risked 2025 guidance, with results likely to come at the top of the range. The highlights from the quarter included healthy pricing in corn and soybean seeds, strong volumes in crop protection, and lower costs. On the negative side, the crop protection pricing outlook for 2025 shifted to down low-single-digits from flat, KeyBanc adds.