Market Overview

Raymond James Reiterates Outperform Rating, $50 PT on Potash Corporation of Saskatchewan

Share:
Related POT
Stifel Previews Q4 Earnings For Potash Corp./Saskatchewan
Mosaic Ups Guidance On Strong Sales, Margins

In a report published Wednesday, Raymond James Financial reiterated its Outperform rating and $50.00 price target on Potash Corporation of Saskatchewan (NYSE: POT).

Raymond James noted, “On balance, we view the recent Sinofert contract as a positive development insofar that we expect it will help lift the dark cloud of uncertainty recently enveloping the sector (and related equities). That being said, we have trimmed our 4Q12 and 2013 estimates to reflect recent market dynamics (i.e. pricing) and this latest contract announcement. We continue to view the stock's discounted valuation as an attractive entry point for long-term investors.”

Potash Corporation of Saskatchewan closed on Monday at $40.69.

Latest Ratings for POT

DateFirmActionFromTo
Dec 2014UBSUpgradesNeutralBuy
Dec 2014JP MorganUpgradesNeutralOverweight
Nov 2014CitigroupMaintainsNeutral

View More Analyst Ratings for POT
View the Latest Analyst Ratings

Posted-In: Raymond James FinancialAnalyst Color Reiteration Analyst Ratings

 

Related Articles (POT)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→