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%.
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
