Credit Suisse Starts AGU at Outperform, POT, MON, MOS at Neutral, IPI at Underperform

October 22, 2009 8:52 AM EDT

A Credit Suisse analyst has initiated coverage on several stocks in the Ag/Fertilizer group this morning:

• Agrium (NYSE: AGU) with an Outperform rating and a $66 price target. Despite the bullish analyst rating today, the stock is down more than 2% to $54.70. Credit Suisse's target represents possible price appreciation of more than 20%.
  
• Potash (NYSE: POT) with a Neutral rating and a $110 price target. Shares of Potash are down 2.5% to $99.80 in the pre-market session. The firm's target represents potential upside of about 10%.
  
• Monsanto (NYSE: MON) with a Neutral rating and an $88 price target. Shares are down 0.6% in the before-market session, most recently trading at $74. The firm's target represents potential upside of about 19%. Hmm... Neutral?
  
• Mosaic (NYSE: MOS) with a Neutral rating and $53 price target. The stock is trading down 1.4% to $52.55.
  
• Interpid Potash (NYSE: IPI) with an Underperform rating and a $23 price target. With shares of Intrepid Potash most recently trading around $27.90, the firm's price target represents potential downside of about 18%.

Check out the Market Vectors Agribusiness ETF (NYSE: MOO), cleverly tickered "the MOO", to get a good view of the broad performance in the ag/fert sector.

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