Monsanto came out with earnings that were a little punk, but the stock closed up. Today we got an upgrade by Deutsche Bank to 100, with an estimate boost to $3.40 from $3.10. Look for Morgan Stanley to wax positively on this name next.
The story will be--own it for 2011-12.
SmartStax, Corn triple stack pricing, and soybeans with RR2Y (Roundup Ready 2 Yield) will be the hype points, along with 11 products in the pipeline including Refuge in a Bag.
Ag's in play, so Wall Street will start rounding estimates higher,and MON has a lot of room on a weekly chart.