Dahlman Rose Downgrades Agrium (AGU) to Hold; Take the Money and Run
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Price: $90.68 -0.58%
Rating Summary:
14 Buy, 10 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
14 Buy, 10 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade AGU Now!
Dahlman Rose downgraded Agrium (NYSE: AGU) from Buy to Hold.
Analyst, Charles Neivert, said, "We are closing our bullish near-term call on fertilizer shares and turning cautious on the industry. The upside in the 2013/2014 crop has largely played out and drought conditions introduce a multitude of downside risks which outweigh the rewards in our view, especially if ethanol comes into the mix."
The firm also downgrades Potash (NYSE: POT) and Rentech Nitrogen Partners (NYSE: RNF) this morning.
For an analyst ratings summary and ratings history on Agrium click here. For more ratings news on Agrium click here.
Shares of Agrium closed at $94.15 yesterday, with a 52 week range of $60.15-$97.64.
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Analyst, Charles Neivert, said, "We are closing our bullish near-term call on fertilizer shares and turning cautious on the industry. The upside in the 2013/2014 crop has largely played out and drought conditions introduce a multitude of downside risks which outweigh the rewards in our view, especially if ethanol comes into the mix."
The firm also downgrades Potash (NYSE: POT) and Rentech Nitrogen Partners (NYSE: RNF) this morning.
For an analyst ratings summary and ratings history on Agrium click here. For more ratings news on Agrium click here.
Shares of Agrium closed at $94.15 yesterday, with a 52 week range of $60.15-$97.64.
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