Monsanto: Now Barron's likes the Share Price

Just like clockwork, thanks to Barron's comments over the weekend the Masters are convinced we have the right entry point for Monsanto Company (NYSE:MON) shares as we pointed out last week. God Bless the Media Hype Machine called the Internets. 

Here's what Reuters reported today:

NEW YORK, May 31 (Reuters) - Last week's decline in Monsanto Co's (MON.N) stock price after the world's largest seed company lowered its earnings forecast is probably overdone, Barron's reported in its June 1 edition.

UBS' Don Carson said that even with the revised numbers, Monsanto shares are headed to above $115 within 12 months, the business weekly reported. Monsanto shares closed at $79 on Friday on the New York Stock Exchange.

A return to dry fields will also mitigate the negative effect that wet weather had on sales of its weed killer Roundup, Barron's said.

Monsanto said last week that tougher competition in the herbicide business would push fiscal-year results to about $4.40 per share, the low end of its earnings forecast.

To read what the Masters wrote last week on Monsanto - Click Here

SOURCE: http://www.reuters.com/article/marketsNews/idUSN3140270320090531