Market News / Story
Corteva upgraded at KeyBanc after spinoff of Vylor
Seeking Alpha ·
Seeking Alpha reports: KeyBanc Capital Markets upgraded Corteva to Overweight from Sector Weight, saying the newly separated crop-protection company has fallen into “deep value” territory following its spin-off and could benefit from new products, cost cuts and an eventual recovery in agricultural markets. Analyst Salvator Tiano set a $17 price target on Corteva, compared with a recent price of $13.91. The shares trade at about 6.5 times KeyBanc’s estimated 2027 earnings before interest,…