Market Overview

UPDATE: Bank of America Raises PO on Agrium

Share:
Related AGU
Bayer May Finally Be Buying Monsanto, But The Market Remains Hesitant
Cleveland Research Says Initial U.S. Dealers Having Mixed Reaction To Agrium-Potash Deal
The Mosaic Company: Waiting For The Dividend Cut (Seeking Alpha)

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
Sep 2016Bank of AmericaDowngradesNeutralUnderperform
Sep 2016BMO CapitalDowngradesOutperformMarket Perform
Sep 2016CLSAUpgradesUnderperformOutperform

View More Analyst Ratings for AGU
View the Latest Analyst Ratings

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

 

Related Articles (AGU)

View Comments and Join the Discussion!