Monsanto Company (NYSE:MON) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Marketbeat.com reports. They presently have a $89.50 target price on the stock. Vetr‘s target price suggests a potential downside of 3.77% from the company’s previous close.
MON has been the topic of several other research reports. Goldman Sachs downgraded Monsanto Company from a “neutral” rating to a “sell” rating and cut their price objective for the company from $86.00 to $84.00 in a report on Friday, March 4th. Jefferies Group reissued a “hold” rating and set a $102.00 target price (up from $98.00) on shares of Monsanto Company in a research note on Wednesday, February 10th. Zacks Investment Research cut Monsanto Company from a “hold” rating to a “sell” rating in a research note on Saturday, January 23rd. Deutsche Bank reissued a “buy” rating and set a $104.00 target price on shares of Monsanto Company in a research note on Friday, November 20th. Finally, Atlantic Securities raised Monsanto Company from a “neutral” rating to an “overweight” rating and set a $120.00 target price for the company in a research note on Tuesday, December 1st. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $105.18.
Source: American Banking and Market News
