Soleil Cuts Price Targets on Ag Stocks Across the Board (POT) (MOS) (AGU) (CF) (IPI)

This morning an analyst at Soleil Securities cut price targets on a number of Ag stocks given the recent dip in grain prices. The firm believes fertilizer is in a long-term bull market which is correcting over the near-term. Considering the tragic events still unfolding in Japan, Soleil sees a "short-term impact... until trading partners step in in terms of imported protein."

• Potash (NYSE: POT) target lowered from $56 to $50, maintains Hold. Stock up 0.9% to $54.52 today.
  
• Mosaic (NYSE: MOS) target lowered from $84 to $76, maintains Hold. Stock up 0.05% to $76.30.
  
• Agrium (NYSE: AGU) target reduced from $111 to $100, maintains Buy. Stock up 0.66% to $88.46.
  
• CF Industries (NYSE: CF) target cut from $159 to $149, maintains Buy. Stock up 2.5% to $127.88.
  
• Interpid Potash (NYSE: IPI) target lowered from $34 to $32, maintains Hold. Stock down 1.7% to $33.66.

The Market Vectors Agribusiness ETF (NYSE: MOO) is down 0.13% today.

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