Corteva price target raised to $86 from $85 at RBC Capital

RBC Capital raised the firm’s price target on Corteva (CTVA) to $86 from $85 and keeps an Outperform rating on the shares. The company posted a strong Q2 but only raised the high end of its FY25 guide by $50M as challenges in LatAm are driving slight volume uncertainty in the second half, the analyst tells investors in a research note. Corteva order books appear to be solid however, its net royalties are continuing to trend in the right direction, cost reductions are benefiting margins and new products in are performing well, the firm added.