Corteva price target raised to $86 from $78 at Oppenheimer

Oppenheimer raised the firm’s price target on Corteva (CTVA) to $86 from $78 and keeps an Outperform rating on the shares. The firm remains bullish on the shares as it believes Corteva have benefited from multiple expansion largely driven by the cyclical market rotation. Heading into the split, Oppenheimer believes near-term guidance offers a degree of conservatism against a still choppy global agriculture backdrop.