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Monsanto (MON) Stock Price Target Cut at BMO Capital

NEW YORK (TheStreet) -- Monsanto's(MON - Get Report) price target was decreased to $106 from $127 at BMO Capital. The firm maintained its 'outperform' rating on the stock.

Monsanto reported its 2015 fourth quarter earnings results on Wednesday, and announced "disappointing" fiscal 2016 earnings per share guidance, BMO Capital said in a note. The agricultural products company also reiterated its goal of doubling fiscal 2014 earnings per share by fiscal 2019 partly through cost cutting and buyback resumption.

Even so, midterm commentary was positive, BMO Capital notes.

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On Wednesday, Monsanto reported 2015 fourth quarter loss of $1.06 a share on revenue of...