July 18, 2008 8:39 AM EDT UBS raised its price targets on two top ag plays this morning: Potash Corp. (NYSE: POT) and Agrium (NYSE: AGU).
The firm raised its price target on Potash from $285 to $320. Notably, on June 24, UBS raised its price target on Potash from $250 to $285.
UBS's target on Agrium goes from $118 to $130. On June 11, the firm raised its price target on the stock from $95 to $118.
With shares of Potash trading up about $1.93, or 0.91%, to $215.15 in pre-market trading, the UBS price target represents a potential gain of more than 48% from current levels. Also, based on Agrium's price of $97.61 this morning, up $3.00, or about 3.2% from yesterday's close, UBS believes the stock could move about 33% higher from current levels.
Additionally, Goldman Sachs upgraded Vale this morning from Neutral to Buy and set a $42 price target, saying valuation has fallen too much and that the company will outperform its peers.
what do you think of pot. I has been going up and down every day. But the chart has been going down more than up in the last two weeks even with up price upgrades. Also what up with decks. Its down on the day but after hours up almost 2 bucks. what going to happen to this stock?
8 comments:
bought some calls on AAPL.... as a fuck big tech IBM hedge.
love the new iphone!
go team!
July 18, 2008 8:39 AM EDT
UBS raised its price targets on two top ag plays this morning: Potash Corp. (NYSE: POT) and Agrium (NYSE: AGU).
The firm raised its price target on Potash from $285 to $320. Notably, on June 24, UBS raised its price target on Potash from $250 to $285.
UBS's target on Agrium goes from $118 to $130. On June 11, the firm raised its price target on the stock from $95 to $118.
With shares of Potash trading up about $1.93, or 0.91%, to $215.15 in pre-market trading, the UBS price target represents a potential gain of more than 48% from current levels. Also, based on Agrium's price of $97.61 this morning, up $3.00, or about 3.2% from yesterday's close, UBS believes the stock could move about 33% higher from current levels.
RIO!
from yesterday....
Additionally, Goldman Sachs upgraded Vale this morning from Neutral to Buy and set a $42 price target, saying valuation has fallen too much and that the company will outperform its peers.
I also like AGU, especially if you're ok with holding for awhile if things don't pan out as expected. AG-sector due to rise!
what do you think of pot. I has been going up and down every day. But the chart has been going down more than up in the last two weeks even with up price upgrades. Also what up with decks. Its down on the day but after hours up almost 2 bucks. what going to happen to this stock?
Pwnt by IMB?
Should I short TXN? Repeat of AMD for them? :D
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