Why Corteva Stock Is Rocketing Higher Today
Is this agriculture stock sitting in the bargain bin? One firm thinks so.
Overview
Starting the week on a positive note, Corteva (NYSE:CTVA) stock rose 4% yesterday, outperforming the S&P 500's 0.7% gain. And the market's appetite for agricultural stocks continues today, thanks to an analyst’s bullish outlook on Corteva.
As of 1:40 p.m. ET, Corteva shares are up 12.2%.
Details
Upgrading it from neutral to overweight, JPMorgan assigned a $19 price target to Corteva stock today. Based on yesterday's closing price of $12.39, the $19 price target implies 53.3% upside.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.