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Broker Recommendations
Thursday July 2, 02:20 PM
Syngenta "buy," target price raised

By Deutsche Bank

LONDON, July 2 (newratings.com) - Analysts at Deutsche Bank (Xetra: 514000 - news) maintain their "buy" rating on Syngenta ag (Virt-X:
href="http://uk.finance.yahoo.com/q?s=SYNN.VX">SYNN.VX - news) (ticker: SVJ), while raising their estimates for the company. The target price has been raised from CHF285 to CHF350.

In a research note published this morning, the analysts mention that the company's growth prospects are being driven by a strong agchem pipeline, improving prices and an increase in GM (NYSE: GM - news) seeds. Syngenta is expected to deliver 14% CAGR EPS growth in 2010-2012, the analysts add. The EPS estimates for 2010-2012 have been raised by 3%-8%.

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Deutsche Bank AG
514000
n/a
n/a
General Motors
GM
0.75
+0.00%
Syngenta AG
SYNN.VX
269.10
-0.22%
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