Fraser Mackenzie Downgrades Potash Corp. (POT) to Sector Perform; Valuation Call After Recent Run-up and Q4 Below Expectations
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Price: $42.33 -1.28%
Rating Summary:
19 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 27 | New: 13
Rating Summary:
19 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 27 | New: 13
Trade POT Now!
Fraser Mackenzie downgraded Potash Corp. (NYSE: POT) to Sector Perform.
Fraser analyst said, "After a 15% lift in the stock following our initiation of coverage last month, the narrowing of potential upside to our target price to 9%, coupled with the lackluster Q4 results we are moderating our rating to Sector Perform. We continue to believe that Potash Corp. is well positioned among the large cap major producers to take advantage of continuing growth in fertilizer demand (CAGR of 3-5%) with robust cash flow generation funding planned brownfield expansion projects."
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 $45.23 yesterday, with a 52 week range of $38.42-$191.90.
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Fraser analyst said, "After a 15% lift in the stock following our initiation of coverage last month, the narrowing of potential upside to our target price to 9%, coupled with the lackluster Q4 results we are moderating our rating to Sector Perform. We continue to believe that Potash Corp. is well positioned among the large cap major producers to take advantage of continuing growth in fertilizer demand (CAGR of 3-5%) with robust cash flow generation funding planned brownfield expansion projects."
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 $45.23 yesterday, with a 52 week range of $38.42-$191.90.
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