Goldman Sachs Downgrades Intrepid Potash (IPI) to Sell, Sees Risk to EPS

Goldman Sachs downgraded Intrepid Potash (NYSE: IPI) from Neutral to Sell with a price target of $21, suggesting 18% downside.

The firm said their chief concern is the potential for downward Street EPS revision. Goldman's 2012 EPS estimate is $1.29, 19% below consensus.

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

Shares of Intrepid Potash closed at $25.23 yesterday, with a 52 week range of $20.75-$40.22.

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