Agrium (AGU) PT Raised to $116 at Stifel on 2Q Report; 'Significant Potential of Brazilian Retail Acquisition'

Stifel raised its price target on Agrium (NYSE: AGU) to $116.00 (from $107.00) while maintaining a Buy rating, following the company's second quarter earnings report.

Analyst Paul Forward notes the company delivered second quarter earnings per share results above consensus projections, despite miss on revenue expectations, as management highlighted cost improvements in the nitrogen business and strong growth in crop product sales.

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Piper Sandler Reiterates Overweight Rating on Patterson-UTI Energy (PTEN)
• Ferrovial SA (FER:SM) (FRRVF) Reiterated at Buy by UBS on Winning Bid For Tennessee Project