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Corteva (CTVA): New Buy Recommendation for This Basic Materials Giant
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Corteva (CTVA): New Buy Recommendation for This Basic Materials Giant

Oppenheimer analyst Kristen Owen maintained a Buy rating on Corteva (CTVAResearch Report) today and set a price target of $62.00. The company’s shares closed last Friday at $54.80.

Owen covers the Industrials sector, focusing on stocks such as Deere, Agco, and Caterpillar. According to TipRanks, Owen has an average return of 8.5% and a 49.40% success rate on recommended stocks.

In addition to Oppenheimer, Corteva also received a Buy from Argus Research’s Bill Selesky in a report issued on February 15. However, on February 2, Barclays assigned a Hold rating to Corteva (NYSE: CTVA).

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The company has a one-year high of $63.44 and a one-year low of $43.07. Currently, Corteva has an average volume of 4.36M.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CTVA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Corteva (CTVA) Company Description:

Corteva, Inc. is an agricultural chemical and seed company. It develops and supplies advanced germplasm and traits that helps in maximizing yield for farms. It also supplies products that enhances enhance crop health and protectagainst weeds, insects and other pests, and diseases.

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