UPDATE: Cantor Fitzgerald Initiates Potash with Buy on Attractive Dividend

In a report published Wednesday, Cantor Fitzgerald analyst Peter Prattas initiated coverage on Potash Corporation of Saskatchewan

with a Buy rating and $50.00 price target. In the report, Prattas noted, “PotashCorp is the world's largest fertilizer company by capacity and is responsible for ~20% of global potash supply. The potash sector is oligopolistic enabling highly attractive pricing and margins ensuring that the company will be securely profitable in slower periods and exceedingly profitable during economic expansion. Shares offer an attractive dividend that we expect can double as PotashCorp's expansion initiatives wind down.” Potash Corporation of Saskatchewan closed on Tuesday at $42.10.