An image of a pen, a tablet and a calculator
Markets

Potash’s Target, Estimates Boosted at UBS (POT)

Fertilizer giant Potash Corp. ( POT ) on Wednesday saw its price target and earnings estimates raised by analysts at UBS.

The firm said it now expects POT shares to reach $70, suggesting a 29% upside to the stock's Tuesday closing price of $54.15. UBS also boosted its earnings estimates and maintained its "Buy" rating, citing higher expected potash prices.

Potash shares were mostly flat in premarket trading Wednesday.

The Bottom Line

Shares of Potash Corp ( POT ) have a .52% dividend yield, based on last night's closing stock price of $54.15. The stock has technical support in the $45-$50 price area. If the shares can firm up, we see overhead resistance around the $60-$61 price levels.

Potash Corp. ( POT ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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

Created by Dividend.com


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

Other Topics

Stocks

Latest Markets Videos