Corteva Inc

CTVA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$26.00	Rnjdj	Yttbtjrvz

Corteva Earnings: Strong Seed Pricing Partially Offset by Lower Crop Protection Volume

Seth Goldstein

Aug 4, 2023

We maintain our $70 fair value estimate for Corteva after updating our model to incorporate the company's second-quarter results. Our wide moat rating is unchanged. We view the shares as currently undervalued, trading in 4-star territory at a roughly 20% discount to our fair value estimate.

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