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Fly News Breaks for March 21, 2019
NFRMY
Mar 21, 2019 | 06:35 EDT
JPMorgan analyst Donald Carducci yesterday downgraded Nufarm Limited to Neutral from Overweight and lowered his price target for the shares to A$4.50 from A$7.25. Glyphosate is becoming a concern for Bayer due to a recent U.S. case progressing to phase two, Carducci tells investors in a research note. The analyst notes that glyphosate accounts for ~25% of Nufarm's Brazilian portfolio.
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