Goldman Sachs Resumes Agrium (AGU) at Neutral Citing Peak in Nitrogen
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Price: $115.00 --0%
Rating Summary:
14 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs resumes coverage on Agrium (NYSE: AGU) with a Neutral and $108 price target citing a peak in nitrogen fundamentals.
"Following strong 2012 outperformance (AGU +48% vs. Fertilizer peers +17% and the S&P +13%) we see a more balanced risk/reward entering 2013 as peaking nitrogen fundamentals offset potential for improved execution/margin upside at Retail," the analyst said.
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 $100.38 yesterday.
"Following strong 2012 outperformance (AGU +48% vs. Fertilizer peers +17% and the S&P +13%) we see a more balanced risk/reward entering 2013 as peaking nitrogen fundamentals offset potential for improved execution/margin upside at Retail," the analyst said.
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 $100.38 yesterday.
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