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Fly News Breaks for June 13, 2016
BAYRY, MON
Jun 13, 2016 | 07:00 EDT
Piper Jaffray analyst Brett Wong raised his price target for Monsanto (MON) to $127 saying he continues to believe that the potential opportunity to be acquired by Bayer (BAYRY) is compelling. The analyst thinks Monsanto will be open to selling with an offer in the low $140 per share level, and believes proceeds from divestitures can help Bayer get there. Wong keeps an Overweight rating on shares of Monsanto.
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