Dahlman Rose Downgrades Potash Corp. (POT) to Hold; Cashing in the Chips
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Price: $40.93 -0.39%
Rating Summary:
19 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
19 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade POT Now!
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, with a 52 week range of $36.73-$60.42.
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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 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, with a 52 week range of $36.73-$60.42.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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