BUZZ-Citigroup remains cautiously optimistic on agrichemical companies; raises PT

Reuters

Jan 29, 2025

BUZZ-Citigroup remains cautiously optimistic on agrichemical companies; raises PT

** Citigroup raises price targets on agrichemical firms Corteva CTVA.N to $74 from $69 and FMC Corp FMC.N to $61 from $55

** Brokerage says CTVA and FMC have outperformed the broader market, reflective of firming crop prices and fewer concerns on destocking

** Adds that supply and demand dynamics for both corn and soybean have tightened after U.S. Department of Agriculture's World Agricultural Supply and Demand Estimates report produced a constructive data for the agricultural sector going into 2025

** Brokerage sees improvement in farmer incomes as an indicator of future higher spend on high quality seeds and crop protection chemicals

** "While stock-to-use ratios will likely improve in 2024-2025 and 2025-2026, strained U.S.-China trade relations may challenge soybean consumption" - Citigroup

** Brokerage expects Latin American growing season to improve from 2024, with projected La Niña stability until mid-2025 and normal rain levels; LatAm is a large revenue driver for CTVA and FMC

** In 2024, CTVA was up 24% and FMC was down 16%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2507829536"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2507829536\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2507829536?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-29 19:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2507829536","market":"us","top_or_hot":-1,"title":"BUZZ-Citigroup remains cautiously optimistic on agrichemical companies; raises PT","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Citigroup remains cautiously optimistic on agrichemical companies; raises PT</title></head><body><p>** Citigroup raises price targets on agrichemical firms Corteva <span>CTVA.N</span> to $74 from $69 and FMC Corp <span>FMC.N</span> to $61 from $55</p><p>** Brokerage says CTVA and FMC have outperformed the broader market, reflective of firming crop prices and fewer concerns on destocking</p><p>** Adds that supply and demand dynamics for both corn and soybean have tightened after U.S. Department of Agriculture's World Agricultural Supply and Demand Estimates report produced a constructive data for the agricultural sector going into 2025</p><p>** Brokerage sees improvement in farmer incomes as an indicator of future higher spend on high quality seeds and crop protection chemicals</p><p>** \"While stock-to-use ratios will likely improve in 2024-2025 and 2025-2026, strained U.S.-China trade relations may challenge soybean consumption\" - Citigroup</p><p>** Brokerage expects Latin American growing season to improve from 2024, with projected La Niña stability until mid-2025 and normal rain levels; LatAm is a large revenue driver for CTVA and FMC</p><p>** In 2024, CTVA was up 24% and FMC was down 16%</p><p> (Reporting by Pooja Menon in Bengaluru)</p><p> ((Pooja.Menon@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Citigroup remains cautiously optimistic on agrichemical companies; raises PT</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Citigroup remains cautiously optimistic on agrichemical companies; raises PT\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-01-29 19:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Citigroup remains cautiously optimistic on agrichemical companies; raises PT</title></head><body><p>** Citigroup raises price targets on agrichemical firms Corteva <span>CTVA.N</span> to $74 from $69 and FMC Corp <span>FMC.N</span> to $61 from $55</p><p>** Brokerage says CTVA and FMC have outperformed the broader market, reflective of firming crop prices and fewer concerns on destocking</p><p>** Adds that supply and demand dynamics for both corn and soybean have tightened after U.S. Department of Agriculture's World Agricultural Supply and Demand Estimates report produced a constructive data for the agricultural sector going into 2025</p><p>** Brokerage sees improvement in farmer incomes as an indicator of future higher spend on high quality seeds and crop protection chemicals</p><p>** \"While stock-to-use ratios will likely improve in 2024-2025 and 2025-2026, strained U.S.-China trade relations may challenge soybean consumption\" - Citigroup</p><p>** Brokerage expects Latin American growing season to improve from 2024, with projected La Niña stability until mid-2025 and normal rain levels; LatAm is a large revenue driver for CTVA and FMC</p><p>** In 2024, CTVA was up 24% and FMC was down 16%</p><p> (Reporting by Pooja Menon in Bengaluru)</p><p> ((Pooja.Menon@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4545","symbol_name":"锂电池","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250129:nL3N3OP0QF:1","article_id":"2507829536","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507829536","pubTimestamp":1738151750,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Citigroup remains cautiously optimistic on agrichemical companies; raises PT** Citigroup raises price targets on agrichemical firms Corteva CTVA.N to $74 from $69 and FMC Corp FMC.N to $61 from $55** Brokerage says CTVA and FMC have outperformed the broader market, reflective of firming crop prices and fewer concerns on destocking** Adds that supply and demand dynamics for both corn and soybean have tightened after U.S. Department of Agriculture's World Agricultural Supply and Demand Estimates report produced a constructive data for the agricultural sector going into 2025** Brokerage sees improvement in farmer incomes as an indicator of future higher spend on high quality seeds and crop protection chemicals** \"While stock-to-use ratios will likely improve in 2024-2025 and 2025-2026, strained U.S.-China trade relations may challenge soybean consumption\" - Citigroup** Brokerage expects Latin American growing season to improve from 2024, with projected La Nia stability until mid-2025","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4545":"锂电池","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","LU0471298777.SGD":"Blackrock Nutrition A2 SGD-H","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU0385154629.USD":"贝莱德营养科学基金A2","BK4093":"化肥与农用药剂","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","FMC":"FMC Corp.","BK4588":"碎股","BK4585":"ETF&股票定投概念","CTVA":"Corteva, Inc.","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","BK4535":"淡马锡持仓"},"translate_title":"嗡嗡声——花旗集团对农化公司保持谨慎乐观；提高PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FMC":0.9,"CTVA":0.9},"content_text":"BUZZ-Citigroup remains cautiously optimistic on agrichemical companies; raises PT** Citigroup raises price targets on agrichemical firms Corteva CTVA.N to $74 from $69 and FMC Corp FMC.N to $61 from $55** Brokerage says CTVA and FMC have outperformed the broader market, reflective of firming crop prices and fewer concerns on destocking** Adds that supply and demand dynamics for both corn and soybean have tightened after U.S. Department of Agriculture's World Agricultural Supply and Demand Estimates report produced a constructive data for the agricultural sector going into 2025** Brokerage sees improvement in farmer incomes as an indicator of future higher spend on high quality seeds and crop protection chemicals** \"While stock-to-use ratios will likely improve in 2024-2025 and 2025-2026, strained U.S.-China trade relations may challenge soybean consumption\" - Citigroup** Brokerage expects Latin American growing season to improve from 2024, with projected La Niña stability until mid-2025 and normal rain levels; LatAm is a large revenue driver for CTVA and FMC** In 2024, CTVA was up 24% and FMC was down 16% (Reporting by Pooja Menon in Bengaluru) ((Pooja.Menon@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}