Corteva Inc

CTVA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$49.00	Tby	Qxhydrblh

Raising Corteva FVE to $70 on Improved Long-Term Outlook Following Investor Day

Seth Goldstein

Sep 13, 2022

We raise our Corteva fair value estimate to $70 per share from $60 following the company's investor day. The key drivers behind our outlook are increased profitability in both the seed and crop protection businesses. We maintain our wide moat rating. At current prices, we view shares as slightly undervalued with the stock trading nearly 10% below our updated fair value estimate but in 3-star territory.

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