Acushnet Holdings: Keybanc maintains Overweight rating, PT raised to $85.

Acushnet Holdings: Keybanc maintains Overweight rating, PT raised to $85.

KeyBanc has raised its price target for Corteva Inc. (NYSE: CTVA) to $85 from $84, while maintaining an Overweight rating. The upgrade reflects strong execution across all business segments, according to the investment firm. Over the past year, Corteva's stock has delivered an impressive 39% return, with analysts setting price targets ranging from $60 to $92 [1].

Corteva's robust performance is evident in its Seed price and volume, which increased by 3%, and Crop Protection volumes, which rose by 11%. These improvements, along with lower costs, have led to first-half results exceeding expectations, with EBITDA on track to grow approximately 14% this year. The company's strong financial position is underscored by a healthy current ratio of 1.68 and moderate debt levels, earning a "GOOD" overall Financial Health score from InvestingPro [1].

KeyBanc noted that Corteva's management increased its EBITDA guidance for the year by $100 million after beating second-quarter expectations by approximately $200 million. This sets a relatively low bar for the second half of 2025. Crop Protection pricing is beginning to stabilize in most regions, although Brazil continues to face competitive pressures. Seed orders from Brazil for the second half of 2025 are tracking ahead of pace, with approximately 90% secured for the summer crop and 40% for Safrinha [1].

Corteva is currently trading at 13.3 times KeyBanc's 2025 estimated EBITDA and 12.2 times its 2026 estimate, compared to the historical forward-year average of 12.5 times. In other recent news, Corteva Inc. reported strong financial results for the second quarter of 2025, surpassing analysts' expectations. The company achieved an earnings per share of $2.20, exceeding the projected $1.89. Additionally, Corteva's revenue reached $6.54 billion, outperforming the anticipated $6.27 billion. Oppenheimer has reiterated its Outperform rating for Corteva, maintaining a price target of $87.00, following these impressive results [1].

References:
[1] https://www.investing.com/news/analyst-ratings/corteva-stock-price-target-raised-to-85-from-84-at-keybanc-93CH-4180395