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JPMorgan: Monsanto Shares Could Hit $180 Over The Next 5 Years

JPMorgan: Monsanto Shares Could Hit $180 Over The Next 5 Years - Allergan, Inc. NYSE:AGN, BAYER AKTIENGES ADS BAYRY

Monsanto Company MON 3.11% has rejected the $122 a share takeover offer from Germany's Bayer AG (ADR) BAYRY 2.81%, saying that the offer is "incomplete and financially inadequate."

However, Monsanto is open to talks "to assess whether a transaction in the best interest of Monsanto shareowners can be achieved."

Analyst Take

JPMorgan too echoed Monsanto's views, saying that" $122 is an uninteresting offer and $150 is no more than tempting, in our view."

"We think that Monsanto would accept an offer from Bayer only if it no longer...


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