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UPDATE: Bank of America Raises PO on Agrium

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UPDATE: Bank Of America Downgrades Agrium

In a report earlier today, Bank of America Merrill Lynch reiterates a Buy rating on Agrium (NYSE: AGU) and increases it price objective from $111 to $113.

Bank of America Merrill Lynch remarks, “We attended Agrium's annual investor event in Chicago, where CEO Mike Wilson and senior management updated us on the company's wholesale fertilizer and retail distribution businesses. Highlights included plans for a new green field nitrogen plant in the US corn belt, updates on various organic and external growth initiatives, and a retail panel discussion. On balance, the event reinforced our view that Agrium shares offer an appealing combination of growth prospects and defensive characteristics at an attractive valuation.”

AGU closed Wednesday at $81.21.

Latest Ratings for AGU

DateFirmActionFromTo
Nov 2014Bank of AmericaDowngradesNeutralUnderperform
Nov 2014CitigroupMaintainsNeutral
Nov 2014BarclaysMaintainsOverweight

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Posted-In: Bank of AmericaAnalyst Color Price Target Analyst Ratings

 

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