UPDATE: Canaccord Genuity Reiterates Buy Rating, Raises PT on Agrium
In a report published Wednesday, Canaccord Genuity reiterated its Buy rating on Agrium (NYSE: AGU), and raised its price target from $113.00 to $124.00.
Canaccord Genuity noted, “We continue to rate the shares of Agrium a BUY but have increased our target price to US$124.00 from US$113.00 previously based upon a 12x multiple to our 2013E EPS of US$10.30.”
Agrium closed on Tuesday at $105.36.
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