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Fly News Breaks for June 30, 2016
BAYRY, MON
Jun 30, 2016 | 06:54 EDT
Piper Jaffray analyst Brett Wong lowered his price target for Monsanto (MON) to $118 citing the more muted near-term growth expectations from management. The analyst, however, believes a potential deal with Bayer (BAYRY) outweighs the "weak" Q3 results and outlook. He expects Monsanto's growth to reaccelerate in FY18 and keeps an Overweight rating on the shares.
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