UPDATE: Jefferies Raises PT on Syngenta AG on In-Line Q1 Sales

In a report published Monday, Jefferies analyst Laurence Alexander reiterated a Hold rating on Syngenta AG (NYSE: SYT ), and raised the price target from $79.00 to $86.00. In the report, Alexander noted, “Q1 sales of $4.6bn, up 6%, was in line with consensus, but a touch below our forecast.