Monsanto (MON) +3.3% premarket after Argentina's agriculture minister indicates China had approved Intacta soybeans for import. Morgan Stanley says, if correct, it "checks the single most important box in our Monsanto investment thesis." Piper Jaffray calls Intacta MON's "single most important earnings driver" for the next five years. Also, Macquarie upgrades MON to Outperform, seeing an attractive entry point for investors.
$MON - Several firms out positive on Monsanto after Argentina’s Ag minister indicated China has approved Intacta soyabeans for imports
$MON - Piper Jaffray says: 'Intacta represents the single most important earnings driver over the next 5 years' Overweight and $135 tgt