Corteva Analysts Increase Their Forecasts After Q4 Results

Group 1 - Corteva, Inc. reported mixed fourth-quarter results, with adjusted earnings of 32 cents per share, exceeding market estimates of 31 cents per share, while quarterly sales were $3.978 billion, falling short of estimates of $4.008 billion [1][2] - The CEO highlighted that despite challenging market conditions, Corteva generated strong cash from operations and achieved record results in the fourth quarter [2] - For FY25, Corteva projects operating earnings between $2.70 to $2.95 per share and net sales ranging from $17.2 billion to $17.6 billion [2] Group 2 - Following the earnings announcement, analysts adjusted their price targets for Corteva, with Keybanc raising it from $68 to $70, Oppenheimer from $70 to $72, and RBC Capital from $72 to $73 [3][4] - Corteva shares experienced a slight increase of 0.1%, trading at $62.42 [2]