Jupiter Asset Management Ltd. recently acquired a new position in Corteva, Inc. (NYSE:CTVA), purchasing 976,446 shares valued at approximately $66 million in the third quarter. This move is part of broader institutional interest, with other firms like Norges Bank and Pacer Advisors also making significant investments, contributing to institutional investors owning over 81% of Corteva’s stock. Analysts currently rate Corteva as a “Moderate Buy” with an average target price of $82.30, following the company’s recent earnings report which met EPS expectations but missed revenue forecasts, and an announced quarterly dividend.
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Jupiter Asset Management Ltd. Purchases New Position in Corteva, Inc. $CTVA
Jupiter Asset Management Ltd. recently acquired a new position in Corteva, Inc. (NYSE:CTVA), purchasing 976,446 shares valued at approximately $66 million in the third quarter. This move is part of broader institutional interest, with other firms like Norges Bank and Pacer Advisors also making significant investments, contributing to institutional investors owning over 81% of Corteva’s stock. Analysts currently rate Corteva as a “Moderate Buy” with an average target price of $82.30, following the company’s recent earnings report which met EPS expectations but missed revenue forecasts, and an announced quarterly dividend.