CTVA — Corteva, Inc. Common Stock
Session close: $9.43. Regular-session share volume: 21,544,101. Change from previous close: +2.61%.
Key developments
Corteva cut its full-year outlook after third-quarter results missed estimates, citing weaker-than-expected conditions in Brazil including an inventory glut and pricing pressure, and it delayed a quarterly SEC filing. The disclosure triggered a steep share decline, and Levi & Korsinsky announced an investigation into whether the company misled investors about business conditions.
Company news Levi & Korsinsky Investigates Corteva, Inc. Following Stock Decline · Company news Corteva Q3 Earnings Call Highlights Brazil Woes and Outlook Cut · Company news Corteva (CTVA) Cuts Guidance And Delays Filing, Is The Reset Now Fully Priced In?
Analysts reacted: Oppenheimer downgraded the stock to Market Perform, while RBC cut its price target but maintained an Outperform rating. Coverage noted new products and cost cuts as supports for a recovery plan, with investors weighing whether the reset is fully priced in.
Company news Oppenheimer Downgrades Corteva to Market Perform · Company news RBC Capital Markets Cuts Price Target on Corteva · Company news Has Corteva (CTVA) Fallen Enough To Offset Its Earnings Premium?
News sources
Company news JP Morgan Maintains Overweight on Corteva, Lowers Price Target to $16 · Company news Levi & Korsinsky Investigates Corteva, Inc. Following Stock Decline · Company news UBS Maintains Neutral on Corteva, Lowers Price Target to $10 · Company news RBC Capital Maintains Outperform on Corteva, Lowers Price Target to $11 · Company news Oppenheimer Downgrades Corteva to Market Perform · Company news RBC Capital Markets Cuts Price Target on Corteva · Company news Corteva Q3 Earnings Call Highlights Brazil Woes and Outlook Cut · Company news Has Corteva (CTVA) Fallen Enough To Offset Its Earnings Premium? · Company news Corteva (CTVA) Cuts Guidance And Delays Filing, Is The Reset Now Fully Priced In? · Company news Corteva Inc. (CTVA) Falls Harder Than Wall Street — Here’s Why · Company news Corteva Stock’s Wild Ride Continues. This Time, Blame Brazil. · Company news Corteva's Core Profitability Miss, Outlook Cut Spell Trouble, Analysts Say · Company news Corteva's Q3 Earnings Miss Estimates on Brazil Weakness, Sales Lag