Corteva sharpens its focus

Article Excerpt

CORTEVA INC., $59.23, is a #1 Power Buy for your 2022 investing. The company (www.corteva.com; New York symbol CTVA; TSINetwork Rating: Extra Risk) (Shares o/s: 718.6 million; Market cap: $44.1 billion; Dividend yield: 1.0%) is now preparing to lay off about 5% of its 21,000-person global workforce as part of the broader restructuring plan for this seed and pesticide maker. Under that reorganization, Corteva will exit from about 35 countries to focus on 110 countries. Especially important are 20 key regions across North America, Europe and Brazil. Restructuring also aims to simplify the business by focusing on developing five core crop groups: fruits and vegetables, soy, cereals, corn and rice. Corteva is a #1 Power Buy for 2022. 2022…