Dahlman Rose Downgrades Rentech Nitrogen Partners (RNF) to Hold; Crops...Dusted
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Price: $32.65 -0.4%
Rating Summary:
2 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Rating Summary:
2 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Trade RNF Now!
Dahlman Rose downgraded Rentech Nitrogen Partners (NYSE: RNF) 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 Potash (NYSE: POT) and Agrium (NYSE: AGU) this morning.
For an analyst ratings summary and ratings history on Rentech Nitrogen Partners click here. For more ratings news on Rentech Nitrogen Partners click here.
Shares of Rentech Nitrogen Partners closed at $30.56 yesterday, with a 52 week range of $16.04-$31.34.
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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 Potash (NYSE: POT) and Agrium (NYSE: AGU) this morning.
For an analyst ratings summary and ratings history on Rentech Nitrogen Partners click here. For more ratings news on Rentech Nitrogen Partners click here.
Shares of Rentech Nitrogen Partners closed at $30.56 yesterday, with a 52 week range of $16.04-$31.34.
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