Monsanto Jumps

Longs Drug rises; Cima Labs surges; plus more of today's stocks in the news

Merrill Lynch and Banc of America upgraded Monsanto (MON ) to buy after Monsanto, Solutia, and Pfizer unit Pharmacia agreed to a global settlement involving PCB contamination litigation in Alabama. Monsanto will pay $390 million in cash, Solutia will pay $50 million and the rest will be covered by insurance. S&P reiterates avoid.

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