More Evidence of a Bottom in Potash Prices - Analyst (POT) (AGU) (MOS)
Tweet Send to a FriendGet Alerts AGU Hot Sheet
Price: $89.53 +0.22%
Rating Summary:
14 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
14 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade AGU Now!
Analysts at Berenberg see more evidence that potash prices have reached a floor.
Analyst Gunnar Cohrs comments: "More markets in the key region of Southeast Asia are accepting the new spot price levels, providing additional support to the thesis that potash prices have reached a floor and that there is now limited downside risk going further into 2013. Only India remains problematic: there, the market is still waiting for news on the subsidy policy for fertilisers, which many market participants hope will reduce the imbalance it has created between the prices of different types of fertilisers. As the government has already set its budget, we expect some news over the next few weeks."
Related Stocks: Agrium (NYSE: AGU), Mosaic (NYSE: MOS), Potash Corp. (NYSE: POT).
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst Gunnar Cohrs comments: "More markets in the key region of Southeast Asia are accepting the new spot price levels, providing additional support to the thesis that potash prices have reached a floor and that there is now limited downside risk going further into 2013. Only India remains problematic: there, the market is still waiting for news on the subsidy policy for fertilisers, which many market participants hope will reduce the imbalance it has created between the prices of different types of fertilisers. As the government has already set its budget, we expect some news over the next few weeks."
Related Stocks: Agrium (NYSE: AGU), Mosaic (NYSE: MOS), Potash Corp. (NYSE: POT).
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- Goldman Sachs Upgrades Enbridge (ENB) to Conviction Buy
- Deutsche Bank Sees Upside in AIG (AIG) Stock
Create E-mail Alert Related Categories
Analyst Comments, Commodities
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
