Scotia Lifts Price Target on Potash (POT) to C$165

May 21, 2009 12:08 PM EDT

Just days after upgrading Potash (NYSE: POT) from Sector Perform to Sector Outperform, and also cutting its price target by C$5 to C$150, Canadian research firm Scotia is out this morning boosting its target on the fertilizer stock to C$165.

Shares of Potash have fallen more than 4% today amid weakness in the broader markets. Also, certainly adding to today's downside, an analyst at TD Newcrest downgraded Potash from Buy to Hold, citing valuation.

To see more analyst calls on this popular ag-related stock, visit our Analyst Ratings page.


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