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Syngenta AG (NYSE:SYT) was downgraded by analysts at Credit Suisse to a “neutral” rating in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports.

Shares of Syngenta AG (NYSE:SYT) traded down 3.40% during mid-day trading on Wednesday, hitting $67.62. 744,312 shares of the company’s stock traded hands. Syngenta AG has a 1-year low of $69.81 and a 1-year high of $87.46. The stock’s 50-day moving average is $76.96 and its 200-day moving average is $78.89. The company has a market cap of $31.096 billion and a price-to-earnings ratio of 18.03.

SYT has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. downgraded shares of Syngenta AG from a “conviction-buy” rating to a “buy” rating in a research note to investors on Wednesday. Separately, analysts at Zacks upgraded shares of Syngenta AG from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, December 30th. They now have a $84.00 price target on the stock. Finally, analysts at Vontobel upgraded shares of Syngenta AG from a “hold” rating to a “buy” rating in a research note to investors on Friday, December 13th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $272.20.

Syngenta AG (NYSE:SYT) is an agribusiness operating in the crop protection and seeds businesses.

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