Morgan Joseph Is Bullish On Monsanto (MON)

Charlie Rentschler, an agriculture and machinery analyst at Morgan Joseph, thinks that Monsanto (NYSE: MON) presents a good buying opportunity. He explained in an interview on CNBC that the reason for a decline in the price of Monsanto (MON) shares is the pricing strategy for its products.

Monsanto's (MON) management decided to change the price strategy for company's products, after realizing that their products are overpriced.

Charlie Rentschler believes that Monsanto (MON) will be leading the charge to 300 bushel per acre corn by 2030, and people don't see this because of the short term problems, caused by pricing issues. Management is trying to adjust its prices on seeds and chemicals, to make them more realistic.

Mr. Rentschler has a price target of $60 for Monsanto (MON), and he is estimating that MON will reach this price within a year.

Monsanto (MON) currently trades approximately 2.5% down, at $49.55.

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