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Analyst Actions: Canaccord Genuity Gives Viterra a "Buy" As Wheat Board Faces Deregulation

Viterra Inc. (VT.TO) beat the Street in reporting on Wednesday a near-doubling of earnings in the third quarter with profit rising to $123.3 million on higher revenues, the Globe and Mail reported.

Canaccord Genuity analyst Keith Carpenter reportedly believes the agri-products segment will continue to do well thanks to strong fertilizer volumes and margins. He was also cited as saying in a research note today that Viterra stands to benefit if the federal Conservatives are successful in stripping the Canadian Wheat Board of its monopoly status.

Canaccord Genuity affirmed the stock's "buy" rating and $14 price target.

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

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