Desjardins Downgrades Agrium (AGU) to Hold, Shares Falling

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Shares of Agrium (NYSE: AGU) are under pressure Thursday morning following an earlier downgrade from an analyst at Desjardins. The firm now rates the stock a Hold, down from Buy previously.

Agrium shares on the NYSE last traded at $88.05, down 1.6 percent for the session.

Despite a recent crop report which was bullish for fertilizer companies, stocks in the Ag sector have fallen from the recent highs set several trading sessions ago. An analyst at Brean Murray on Friday of last week warned of concerning technical indicators within the group.

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

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