TD Newcrest Upgrades Potash Corp. (POT) to 'Buy' on Price Weakness, Overreaction to Ethanol Vote
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Price: $42.88 -1.92%
Rating Summary:
19 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
19 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade POT Now!
TD Newcrest upgraded Potash Corp. (NYSE: POT) from Hold to Buy. PT unchanged at $61.
TD analyst says, "We are upgrading POT due to stock price weakness, and our view of positive sector fundamentals. As well, we believe that the latest negative sentiment is an overreaction to the U.S. Senate's vote to eliminate the ethanol blender tax credit and import tariff. This bill is neither actionable nor required to be taken up by the House. More importantly, the U.S. RFS mandate is unchanged."
For more ratings news on Potash Corp. click here and for the rating history of Potash Corp. click here.
Shares of Potash Corp. closed at $51.98 yesterday, with a 52 week range of $50.09-$191.90.
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TD analyst says, "We are upgrading POT due to stock price weakness, and our view of positive sector fundamentals. As well, we believe that the latest negative sentiment is an overreaction to the U.S. Senate's vote to eliminate the ethanol blender tax credit and import tariff. This bill is neither actionable nor required to be taken up by the House. More importantly, the U.S. RFS mandate is unchanged."
For more ratings news on Potash Corp. click here and for the rating history of Potash Corp. click here.
Shares of Potash Corp. closed at $51.98 yesterday, with a 52 week range of $50.09-$191.90.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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