01:55 AM EDT, 05/09/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our target price by $4 to $65, 22.4x our 2025 EPS view, reflecting a one standard deviation premium to its five-year average forward P/E of 20.2x. We trim our 2025 EPS estimate by $0.30 to $2.91 and 2026's by $0.17 to $3.42. Our Hold opinion reflects a positive but cautious view given expected agricultural market volatility. Using USDA data, we estimate 23.0% of the total U.S. soybean harvest in 2024 was exported to China; should trade tensions remain escalated, we expect significant headwinds from potential shifts in Chinese soybean imports from the U.S. to Brazil, as soybeans represent 11.4% of total 2024 sales and the company has minimal exposure to the Brazilian market. Management has previously recognized this weakness and intends to focus on growing its market share, but progress must be made quickly to avoid disruptions, in our view. However, increased North American corn acreage expectations (+5%) and expansion in Brazil's ethanol industry should drive corn demand, providing potential offsets.