BMO Capital's Joel Jackson issued a somewhat bearish research note on the Fertilizer sector Wednesday morning. The analyst suggested investors should "sell into strength from the recent rebound." Jackson maintains a Market Perform rating on the industry.
Jackson warned of premiums related to "the typical Jan/Feb spring lift and BPC 2.0 price-over-volume reunion prospects" which might already be baked into the stocks. The BMO analyst also noted the following concerns:
Market News and Data brought to you by Benzinga APIs- consensus estimates for 2014, 2015 which need to come down;
- "materially lower" crop prices;
- US urea may cool off following an "overheating";
- limited further price boosts in the phosphate group;
- deteriorating supply and demand dynamics in potash; and
- the potential for potash prices in China to disappoint.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in