The Rising Influence of Rising Affluence

[DewDiligence]

SYT has good growth prospects, says Barron’s:

http://online.barrons.com/article/SB50001424053111903904904577621731833798876.html

On July 26, Syngenta reported strong first-half results, with earnings per share up 10% and sales up 7%. Analysts expect more positive momentum in the second half, bolstered by firmer seed prices, new products, cost cuts, and new opportunities.

One of those opportunities is in Brazil, where Syngenta is benefiting from rising demand for cheap biofuel. Its new Plene seed-care technology is boosting yields of sugar cane, used to produce ethanol.

"Syngenta is perfectly positioned for benefiting the most from sustainably high crop prices, with its broad regional diversification and its rapidly expanding technology platform," says Patrick Lambert, a Société Générale Cross Asset Research analyst in Zurich. He recently boosted his 2012 and 2013 earnings forecasts by 12% and 13%, respectively, while upgrading his 12-month price target for Syngenta stock to 450 Swiss francs, which would translate into $93.60 for the ADRs.

Note: 1 SYT ADR is equivalent to 0.2 Swiss shares.