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UPDATE: Citigroup Raises PT to $104 on Agrium on Higher EPS Expectations

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Will Ag Stocks Flourish Now That California's 5-Year Drought Is Officially Over?
Want To Play The Fertilizer Recovery? Buy Agrium

Citigroup reiterated its Neutral rating on Agrium (NYSE: AGU) and raised its price target from $100 to $104.

Citigroup noted, "AGU has a solid retail business with steady margins while its wholesale fertilizer business benefits from improving farmer income and pent-up fertilizer demand. While a rising Ag tide should lift all boats going forward, we think that AGU's earnings leverage due to rising fertilizer prices is not as powerful as other fertilizer producers."

Agrium closed at $97.27 on Tuesday.

Latest Ratings for AGU

DateFirmActionFromTo
Mar 2017BernsteinInitiates Coverage OnOutperform
Feb 2017ScotiabankDowngradesOutperformSector Perform
Jan 2017Cowen & Co.UpgradesMarket PerformOutperform

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Posted-In: CitigroupAnalyst Color Price Target Pre-Market Outlook Analyst Ratings

 

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