Dahlman Rose Upgrades Agrium (AGU) to Buy
Tweet Send to a FriendGet Alerts AGU Hot Sheet
Price: $89.74 -0.33%
Rating Summary:
14 Buy, 10 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
14 Buy, 10 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade AGU Now!
Dahlman Rose upgraded Agrium (NYSE: AGU) from Hold to Buy with a price target of $120.00 in front of what they see as a period of increasingly bullish news flow for the sector heading into the spring 2013 application season.
The analyst comments, "We see a number of upcoming events that are likely to bolster the strong near-term fundamentals for the sector. The news includes 1) the annual USDA Long-Term Agricultural Outlook on February 11th, 2) the USDA Prospective Plantings Report on March 28th, and 3) upcoming USDA WASDE releases on February 8th and March 8th. In these reports, we are mostly looking for preliminary acreage estimates for 2013/2014 to exceed 96.5 MM acres for corn, which should support fundamentals for the nitrogen participants."
For an analyst ratings summary and ratings history on Agrium click here. For more ratings news on Agrium click here.
Shares of Agrium closed at $113.77 yesterday, with a 52 week range of $74.28-$115.08.
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
The analyst comments, "We see a number of upcoming events that are likely to bolster the strong near-term fundamentals for the sector. The news includes 1) the annual USDA Long-Term Agricultural Outlook on February 11th, 2) the USDA Prospective Plantings Report on March 28th, and 3) upcoming USDA WASDE releases on February 8th and March 8th. In these reports, we are mostly looking for preliminary acreage estimates for 2013/2014 to exceed 96.5 MM acres for corn, which should support fundamentals for the nitrogen participants."
For an analyst ratings summary and ratings history on Agrium click here. For more ratings news on Agrium click here.
Shares of Agrium closed at $113.77 yesterday, with a 52 week range of $74.28-$115.08.
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
You May Also Be Interested In
- Deutsche Bank Upgrades Seagate (STX) to Buy; Sanmina (SANM) Cut to Sell, Flextronics (FLEX) & Fabrinet (FN) Cut to Hold
- Oppenheimer Upgrades China Distance Education (DL) to Outperform
- Piper Jaffray Upgrades Thomson Reuters (TRI) to Neutral
Create E-mail Alert Related Categories
Upgrades
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
