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UBS Raises Price Target on Potash (POT) to $285
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UBS raises its price target on Potash Corp. of Saskatchewan (NYSE: POT) about 14% from $250 to $285. With shares of Potash closing at $236.25 yesterday, the firm's new price target represents a potential gain of more than 20%.
In pre-market trading, Potash stock is giving up some of yesterday's gains: the stock rose about $6, or about 2.7% yesterday, but is trading down about $1.35, or 0.6%, to $234.90 this morning. Notably, shares of Potash are up more than 64% on a year-to-date basis, gaining nearly $100 from its price of about $144 on January 2.
Potash Corporation of Saskatchewan, Inc. engages in the production and sale of fertilizers, and related industrial and feed products in North America.
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