Credit Suisse Adjusts 4Q14 and 2015 Estimates for Agrium

In a report published Wednesday, Credit Suisse analyst Christopher S. Parkinson reiterated an Outperform rating and $110.00 price target on

. In the report, Credit Suisse noted, “We are reducing our 4Q14 EPS estimate to $0.55 (from $0.61) to account for a shorter than anticipated fall application season, particularly in the Northern US, which likely affected both the Wholesale and Retail segments. In our view, this should be well anticipated by the street, particularly given the weather trends in early/mid-December. Depending on the crop distributions, most volumes should ‘catch-up' during the 1H15, particularly in nitrogen.” Agrium closed on Tuesday at $110.02.