Brokerages raise PTs on Corteva following attractive 2027 goals, $3 bln buyback
** Wells Fargo and BofA raise price target on agri-chemical firm Corteva CTVA.N as co's investor day provided attractive and achievable 2027 targets and new $3 bln buyback plan
** Wells Fargo raises PT TO $67 from $65 - a 15% upside to last close
** Says CTVA is constructive on the outlook for its seed and crop protection (CP) business through 2027 and beyond
** Adds this is supported by multiple growth platforms and controllable cost improvement driving top line growth and margin expansion through 2027 on conservative agri market assumptions
** BofA raises PT to $69 from $67 - an 18% upside to last close
** Brokerage expects using gene editing to accelerate genetic yield gains and incorporate crop protection traits, leading to branded and licensee market share gains
** 17 of 24 brokerages rate the stock "buy" or higher, 7 "hold"; their median PT is $66.50 - data compiled by LSEG
** As of last close, stock up 21.54% YTD
Reporting by Pooja Menon in Bengaluru
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