Market Overview

UPDATE: Desjardins Downgrades Agrium

Share:
Related AGU
Citi Slaps A Sell Rating On Agrium Shares
Yes, Healthier Food Is Good For Ag Companies And Investors
How Agrium Can Contribute To A Well Rounded Dividend Portfolio (Seeking Alpha)

According to a research report published Thursday, Desjardins has lowered its rating on Agrium (NYSE: AGU) from Buy to Hold; without lowering the target price of $106.30.

In the report Desjardins stated, “We are adjusting our recommendation on Agrium's shares to Hold–Average Risk (from Buy), driven by substantial price appreciation. Our target price of C$106.30/share remains unchanged. Following yesterday's updated forecast by the USDA, we are moving to a Hold recommendation for several reasons, including: Price appreciation so far during 2012,Lots of positive news already priced into Agrium's shares, USDA updated corn production forecast—return to normalized levels [and] USDA updated global corn inventory forecast—return to normalized levels.”

Agrium closed at $89.47 on Wednesday.

Latest Ratings for AGU

DateFirmActionFromTo
May 2015SusquehannaMaintainsPositive
Apr 2015CitigroupMaintainsSell
Mar 2015TD SecuritiesInitiates Coverage onBuy

View More Analyst Ratings for AGU
View the Latest Analyst Ratings

Posted-In: Desjardins SecuritiesAnalyst Color Downgrades Analyst Ratings

 

Related Articles (AGU)

Around the Web, We're Loving...