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UPDATE: Topeka Capital Markets Reduces PT to $37 on Potash Corporation of Saskatchewan on Long-Term Headwinds

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Topeka Capital Markets reiterated its Hold rating on Potash Corporation of Saskatchewan (NYSE: POT) and lowered its price target from $27.50 to $37.

Topeka Capital Markets commented, "POT's recently announced 3Q12 results were basically inline with the Company's recently lowered guidance and our expectations. Although POT is seeing volume uptake in North and South America, China and India remain key challenges for the industry to resume volume growth. Near-term headlines may provide short-term strength in POT, however we remain concerned about 2013 overall demand compared to capacity growth."

Potash Corporation of Saskatchewan closed at $118.97 on Friday.

Latest Ratings for POT

DateFirmActionFromTo
Oct 2016Atlantic EquitiesUpgradesUnderweightNeutral
Sep 2016SusquehannaUpgradesNeutralPositive
Sep 2016Stifel NicolausUpgradesHoldBuy

View More Analyst Ratings for POT
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Price Target Intraday Update Analyst Ratings

 

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