Market Overview

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

Share:
Related AGU
Earnings Scheduled For November 7, 2017
Benzinga's Top Upgrades, Downgrades For October 11, 2017

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
Oct 2017HSBCInitiates Coverage OnBuy
Sep 2017TD SecuritiesUpgradesHoldBuy
Aug 2017CitigroupMaintainsNeutral

View More Analyst Ratings for AGU
View the Latest Analyst Ratings

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

 

Related Articles (AGU)

View Comments and Join the Discussion!

Partner Center