Agricultural products maker Monsanto Company (
) on Wednesday saw its earnings estimates lifted by analysts at
The firm said it boosted its estimates for MON through 2013,
citing favorable grain prices that are bolstering the company's
bottom line. Suisse maintained its "Neutral" rating and $75 price
target on MON, suggesting a relatively small 4% upside to the
stock's Tuesday closing price of $71.94.
Monsanto shares, which rose about 3% in the full-year 2011, were
unchanged in premarket trading Wednesday.
The Bottom Line
Shares of Monsanto (
) have a 1.67% dividend yield, based on last night's closing stock
price of $71.94. The stock has technical support in the $66-$68
price area. If the shares can firm up, we see overhead resistance
around the $74-$78 price levels.
Monsanto Company (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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, as well as a detailed explanation of
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