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Fly News Breaks for April 7, 2016
MON
Apr 7, 2016 | 09:04 EDT
After Monsanto reported roughly in-line results and maintained its guidance, BMO Capital says the results were positive, since this is the company's first update in some time that will not cause analysts to lower their estimates ,according to the firm. Additionally, BMO sees signs that the company's foreign exchange headwinds are easing ,and it believes that the company is pursuing a cheaper M&A strategy. BMO keeps a $100 price target and Outperform rating on the shares.
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