Market Overview

UPDATE: Dahlman Rose Upgrades Agrium to Buy, Sets $120 PT

Related AGU
Agrium Obtains Issuer Bid Exemption Order to Permit Purchases by Way of Private Agreement
Earnings Scheduled For August 5, 2015
Gambling With Dirt - Introduction (Seeking Alpha)

In a report published Friday, Dahlman Rose upgraded its rating on Agrium (NYSE: AGU) from Hold to Buy, and set a $120.00 price target.

Dahlman Rose noted, “It seems as if it is a rite of Spring--we are raising our near-term outlook for the ag sector as well as some selected equities to reflect a combination of bullish news flow, better-than-expected price levels, and rebounds from earlier price erosion. We are upgrading our ag sector outlook to attractive, and upgrading the shares of Agrium (AGU), CF Industries (CF), and Rentech Nitrogen Partners (RNF) to Buy from Hold. We believe that despite the run some of the shares have made, there are still likely to be upside surprises benefiting the shares from USDA reports coming up and potentially weaker South American crop production data. We believe most of the benefit we see will be on the nitrogen products.”

Agrium closed on Thursday at $110.88.

Latest Ratings for AGU

Aug 2015BarclaysMaintainsOverweight
Aug 2015Scotia Howard WeilUpgradesOutperform
Jun 2015CSLADowngradesOutperformUnderperform

View More Analyst Ratings for AGU
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Upgrades Analyst Ratings


Related Articles (AGU)

Get Benzinga's Newsletters