Corteva Sees Potential Upside with Royal Bank Of Canada 'Outperform' Rating

Corteva's stock received an 'outperform' rating from Royal Bank Of Canada in a research report issued on Wednesday. The price objective of $103.00 on Corteva would indicate a potential upside of 23.46% from the stock's previous close.

This is not the first positive assessment of Corteva by analysts. Morgan Stanley boosted their price objective on shares of Corteva from $84.00 to $95.00 and gave the stock an 'overweight' rating in a research note on Thursday, May 28th. Oppenheimer raised their target price on shares of Corteva from $89.00 to $95.00 and gave the company an 'outperform' rating in a research note on Thursday, July 23rd.

Corteva's board approved the distribution of Vylor, advancing the company's plan to create two independent, publicly traded businesses. The separation could allow Corteva's crop-protection operations and Vylor's seed business to pursue more focused strategies.