Corteva Inc

CTVA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$55.00	Pqpwy	Brhymhr

Corteva Earnings: Price Increases and Shift to Premium Products Drive Profit Growth

Seth Goldstein

May 4, 2023

We maintain our $70 per share fair value estimate for Corteva after updating our model to incorporate the company's strong first-quarter results. Our wide moat rating is also unchanged. At current prices, we view Corteva shares as slightly undervalued with the stock trading about 15% lower than our fair value estimate and in 4-star territory.

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