3 Fertilizer Stocks Upgraded as Near Term Fertilizer Prices Could Rise

On Monday, Cowen released a note on the possibility that fertilizer prices could rise. The possibility of a late start to fertilizer application, which would pressure logistics systems, may lead to “even higher” near term fertilizer prices. Analyst Charles Neivert noted that fertilizer stocks typically perform “much more strongly” prior to spring fertilizer application. Neivert upgraded Agrium

, Potash

, and Rentech

from Underperform to Market Perform. Shares of Agrium, Potash, and Rentech are up 0.77, 0.53, and 0.9 percent respectively.