It's OK To Hold POT Now, Vetr Top Raters Say

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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.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

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.

Posted In: UpgradesPrice TargetCrowdsourcingAnalyst RatingsGeneralVetr
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