Potash (POT) Stock Down as Several Analysts Cut Price Targets

This morning, several analysts are out with notes on Potash Corp. (NYSE: POT) lowering their price targets on the fertilizer company. The numerous reports follow Potash's Q4 earnings report and below-the-Street guidance which was issued yesterday before the market opened. After opening yesterday's session 4.4% lower on the weak guidance, shares of Potash rallied, closing the session up 5.8%.

• CIBC lowered its target on Potash from $125 to $120
  
• Canaccord Adams cut its price target from $115 to $110, and
  
• UBS cut its price target from $105 to $97

Traders are selling shares of Potash today amid lower broader markets and the numerous negative analyst comments. The stock is currently down 2.16% to $71.59.

Potash Corporation of Saskatchewan, Inc. engages in the production and sale of fertilizers, and related industrial and feed products in North America.

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