RBC Capital Starts Intrepid Potash (IPI) at Outperform
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RBC Capital initiates coverage on Intrepid Potash, Inc. (NYSE: IPI) with an Outperform rating and $36 price target. The firm cited an attractive valuation, and leverage to conservative potash price forecast of $500/ton in 2010 and beyond, among other things.
Intrepid Potash, Inc., together with its subsidiaries, engages in the production and marketing of muriate of potash or potassium chloride and langbeinite.
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