Monsanto is XLB’s largest component at 12.6% of the fund.
UBS has rated Monsanto with a short-term sell rating and a neutral 12-month rating. The stock of the agricultural product provider fell 11%to $100.60 after hitting a one-month low of $99.41 intraday trading, reports Wanfeng Zhou for Thomson Financial.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.