Dahlman Rose Downgrades Potash Corp. (POT) to Hold; Cashing in the Chips

August 2, 2012 9:04 AM EDT
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Price: $16.80 +3.32%

Rating Summary:
    12 Buy, 17 Hold, 9 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 9 | New: 9
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Dahlman Rose downgraded Potash Corp. (NYSE: POT) 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 downgraded Agrium (NYSE: AGU) and Rentech Nitrogen Partners (NYSE: RNF) this morning.

For an analyst ratings summary and ratings history on Potash Corp. click here. For more ratings news on Potash Corp. click here.

Shares of Potash Corp. closed at $43.68 yesterday.

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