UBS Ups Price Target on Agrium (AGU) to $118
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UBS raises its price target on Agrium (NYSE: AGU) about 24% from $95 to $118. The firm maintains its Buy rating on Agrium.
Agrium raised guidance this morning before the market opened. As a result, shares of Agrium gapped higher by about 7%, and have since gained more ground. Just before 10 AM ET, the stock hit a new 52-week high at $101.97. Shares are now up $8.07, or 8.8%, to $100.23.
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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