Goldman Sachs Upgrades Intrepid Potash (IPI) to Neutral

Goldman Sachs upgraded Intrepid Potash (NYSE: IPI) from Sell to Neutral with a price target of $23, citing valuation was shares sold through their price target and valuation appropriate at a 10% discount to Potash Corp (NYSE: POT) on 2012 EV/EBITDA.

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 $20.99 yesterday, with a 52 week range of $20.75-$40.22.

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