Corteva's Potential Split Could Unlock 'Substantial' Value, Deutsche Bank Says
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Corteva (CTVA) is considering splitting its seed and pesticide businesses, which Deutsche Bank analysts believe could unlock significant value. The analysts noted pressures on crop protection valuations due to competition from low-cost Asian products and movements against pesticide use. They compared Corteva's potential split to FMC Corp's valuation. Corteva's stock price target was raised to $90 from $83, maintaining a buy rating, despite a 4% drop in shares on Monday, closing at $71.38.
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