Report
Seth Goldstein
EUR 100.00 For Business Accounts Only

We Are Initiating Coverage on Corteva With a $41 Fair Value Estimate and Wide Moat Rating

On June 1, DowDuPont completed the Corteva spin-off, issuing one share of Corteva for every three shares owned of DowDuPont. We are initiating coverage on Corteva with a $41 per share fair value estimate. We assign a wide-moat rating to DuPont based on the intangible assets moat source from the firm's pricing power in its patented seeds and crop chemicals. We assign a high uncertainty rating to Corteva as the company faces factors outside its control, such as crop prices and farmer incomes, whic...
Underlying
Corteva Inc

Corteva is a provider of seed and crop protection solutions focused on the agriculture industry. The company's operations are managed through two reportable segments: seed and crop protection. The seed segment develops and supplies commercial seed combining germplasm with traits to produce higher yield potential for farmers around the world. The crop protection segment serves the global agricultural input industry with products that protect against weeds, insects and other pests, and disease, and that improve overall crop health both above and below ground via nitrogen management and seed-applied technologies.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Goldstein

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch