BMO Cuts Price Target on Agrium (AGU) from $125 to $65

November 5, 2008 11:14 AM EST

BMO Capital lowers its price target on Agrium (NYSE: AGU) from $125 to $65.

The lowered price target follows Agrium's better-than-expected Q3 earnings, which were reported this morning before the market opened. Shares of Agrium are currently trading around $41.84, up a little more than 4% from yesterday's close.

Agrium, Inc. produces and markets agricultural nutrients, industrial products, and specialty products worldwide, as well as involves in the retail supply of agricultural products and services in North and South America.


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