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UPDATE: Goldman Sachs Raises PT on Potash Corporation of Saskatchewan on Favorable Leverage, Prospects

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In a report published Monday, Goldman Sachs analyst Adam Samuelson reiterated a Buy rating on Potash Corporation of Saskatchewan (NYSE: POT), and slightly raised the price target from the $46.00 to $47.00.

In the report, Samuelson noted, “We maintain our Buy ratings on MOS and POT, where we see a favorable combination of leverage to improving export market fundamentals in phosphate (P) and potash (K) and prospects for accelerating cash return to shareholders through 2013. In K, contracts with India and China suggest strong volume momentum in 2Q and modest 2H price increases. In P, return of Indian import demand in the next 1-2 months should drive improved pricing.”

Potash Corporation of Saskatchewan closed on Friday at $39.55.

Latest Ratings for POT

DateFirmActionFromTo
Apr 2015RBC CapitalMaintainsSector Perform
Apr 2015HSBCUpgradesNeutralBuy
Mar 2015Raymond JamesMaintainsOutperform

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Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings

 

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