We are maintaining our fair value estimate for the wide-moat firm after a strong quarter.
We currently don't expect a material impact to our valuation and think tariffs could even help boost near-term demand.
Despite a general premium to our fair value estimates in the sector, we still see several opportunities for investors.
The narrow-moat company is well-positioned to maintain its competitive advantages in the agricultural sector over the foreseeable future.
We view the wide-moat firm as a beneficiary of the several green shoots that have been spurred in the agricultural market as worldwide economic growth continues.