Analyst Actions: National Bank Upgrades Agrium to Sector Perform, Hikes Target to $97.50; Shares Hit 52-Week High

By Midnight Trader,  July 03, 2012, 02:35:10 PM EDT

National Bank has upgraded Agrium Inc. (AGU.TO,AGU) to sector perform from underperform, while hiking its price target to $97.50 from $71.

It also upgraded rival fertilizer firm Potash Corp. today. National Bank anticipates that a surge in corn plantings will increase fertilizer demand.

Agrium has 15 strong buy ratings, 2 buy ratings, 4 holds and only 1 sell, according to Zacks Investment Research. The mean price target on US-listed shares is $101.73, according to Thomson/First Call.

Agrium shares were last quoted at $92.28, up $2.05, or 2.2%, after hitting a 52-week high of $93.56 this morning.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



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