UPDATE: Paradigm Capital Reiterates Potash Corporation of Saskatchewan at Buy with $74 PT

Paradigm Capital maintained its Buy rating and $74 price target on Potash Corporation of Saskatchewan POT based on long-term outlook. Paradigm Capital commented, "While demand will ebb and flow in the short term, subject to farm economics and the timing of contract negotiations, over the long term, potash is an essential part of the food chain with no substitute, very high barriers for new entrants and a highly leverageable production model. Combined with a solid growth profile (through brownfield development and de-bottlenecking), we believe Potash Corp. is one of the most compelling names in an industry that has very attractive fundamentals." Potash Corporation of Saskatchewan closed at $43.59 on Thursday.
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Posted In: Analyst ColorPrice TargetReiterationIntraday UpdateAnalyst RatingsParadigm Capital
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