Why Corteva Stock Soared in 2021
When management teams layout mid-term targets, investors expect them to hit those targets. That's a consideration that comes to mind with Corteva Agriscience (NYSE: CTVA) and its 2022 target. The market fretted over the issue this year, but the company seems on track -- the stock is up more than 25% this year. Here's the lowdown, and why Corteva is an attractive stock for investors.
It's fair to say that Corteva's performance has over-promised and under-delivered in the past, with former CEO Jim Collins acknowledging dissatisfaction in the spring. There's little doubt that the company -- created out of the DowDuPont merger and subsequent breakup -- has world-class seed and crop protection assets, but the question is whether management is extracting total value from them.
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Source Fool.com
