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Fly News Breaks for October 8, 2015
MON
Oct 8, 2015 | 09:15 EDT
After Monsanto reported weaker than expected Q4 results and provided lower than expected fiscal 2016 EPS guidance, BMO Capital says that the company's comments about its medium term outlook was positive. BMO says that the downside scenario is priced into the stock, and it contends that Monsanto is more attractive than fertilizer names, since seeds should be "more resilient than fertilizer" going forward, according to the firm. BMO keeps an Outperform rating on Monsanto.
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