Shares of Potash Corporation of Saskatchewan (USA) POT have lost 2.1 percent since the year started, posting a loss of almost 5.8 percent in the past month. This drop has created plenty of room for upside, the crowd seems to believe.
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On Wednesday, following the above mentioned decline, top raters at the Vetr community decided to upgrade their rating on shares of Potash, from 2.5 Stars (Sell) to 3.0 Stars (Hold) - out of a possible 5.0 Stars rating.
The new rating seeks to better reflect the crowd’s target price of $16.08, which implies a limited downside potential – roughly 3.5 percent from current valuations.
Finally, it should be noted that 72 percent of the crowd’s rating are bullish, meaning that the crowd as a whole is considerably more optimistic than the top raters.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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