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Fly News Breaks for September 30, 2015
MON
Sep 30, 2015 | 06:58 EDT
Deutsche Bank analyst David Begleiter lowered his estimates for Monsanto to reflect further weakening of the Brazilian Real versus the U.S. dollar. Roughly 20% of Monsanto's earnings is levered to Brazil, Begleiter tells investors in a research note. He cut his price target for shares to $110 from $130 and keeps a Buy rating on the name.
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