Potash Corp. (NYSE: POT), Pioneer Southwest Energy (NYSE: PSE), Varian Medical Systems (NYSE: VAR), Scana Corporation (NYSE: SCG), Regal Entertainment (NYSE: RGC) and Equity One, Inc. (NYSE: EQY) ratings and price targets.
Potash Corp. (POT) was upgraded by Susquehanna from a “neutral” rating to a “positive” rating.
Pioneer Southwest Energy (PSE) is now covered by Bank of America (NYSE:BAC). They have a “neutral” rating on the firm.
Varian Medical Systems (VAR) had its price target raised by Kaufman Brothers from $68.00 to $72.00. They have a “buy” rating on the firm.
Regal Entertainment (RGC) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating.
Equity One, Inc. (EQY) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating.
Scana Corporation (SCG) was downgraded by Caris & Co. to an “average” rating.
Showing posts with label Potash. Show all posts
Showing posts with label Potash. Show all posts
Tuesday, January 3, 2012
Potash (POT) (CMG) (ALTR) (WSM) (ANGI) (ONXX) Ratings, Price Targets
Potash Corp. of Saskatchewan (NYSE:POT), Chipotle Mexican Grill (NYSE:CMG), Altera (NASDAQ:ALTR), Williams-Sonoma (NYSE:WSM), Angie’s List (NASDAQ:ANGI) and Onyx Pharmaceuticals (NASDAQ:ONXX) ratings and price targets.
Potash Corp of Saskatchewan (POT) was upgraded by Susquehanna from a "Neutral" rating to a "Positive" rating.
Chipotle Mexican Grill (CMG) was upgraded by Deutsche Bank (NYSE:DB) from a "Hold" rating to a "Buy" rating.
Altera (ALTR) was upgraded by Goldman Sachs "(NYSE:"GS) from a "Neutral" rating to a "Buy" rating.
Williams-Sonoma (WSM) was downgraded by Janney Montgomery Scott from a "Neutral" rating to a "Sell" rating.
Janney Montgomery Scott initiated coverage on Angie’s List (ANGI). They have a "Buy" rating on the firm.
Onyx Pharmaceuticals (ONXX) was downgraded by Jefferies (NYSE:JEF) from a "Buy" rating to a "Hold" rating.
Potash Corp of Saskatchewan (POT) was upgraded by Susquehanna from a "Neutral" rating to a "Positive" rating.
Chipotle Mexican Grill (CMG) was upgraded by Deutsche Bank (NYSE:DB) from a "Hold" rating to a "Buy" rating.
Altera (ALTR) was upgraded by Goldman Sachs "(NYSE:"GS) from a "Neutral" rating to a "Buy" rating.
Williams-Sonoma (WSM) was downgraded by Janney Montgomery Scott from a "Neutral" rating to a "Sell" rating.
Janney Montgomery Scott initiated coverage on Angie’s List (ANGI). They have a "Buy" rating on the firm.
Onyx Pharmaceuticals (ONXX) was downgraded by Jefferies (NYSE:JEF) from a "Buy" rating to a "Hold" rating.
Friday, December 23, 2011
Potash (POT) (PACW) (RRR) (EMCI) (ENOC) (ERF) Upgraded
Potash Corp. (NYSE: POT), PacWest Bancorp (NASDAQ: PACW), RSC Holdings Inc. (NYSE: RRR), EMC Insurance Group Inc. (NASDAQ: EMCI), EnerNOC, Inc. (NASDAQ: ENOC) and Enerplus Resources Fund (NYSE: ERF) were upgraded by analysts.
PacWest Bancorp (PACW) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Potash Corp. (POT) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $50.00 on the company, down from $58.00.
RSC Holdings Inc. (RRR) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
EMC Insurance Group Inc. (EMCI) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
EnerNOC, Inc. (ENOC) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating.
Enerplus Resources Fund (ERF) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
PacWest Bancorp (PACW) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Potash Corp. (POT) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $50.00 on the company, down from $58.00.
RSC Holdings Inc. (RRR) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
EMC Insurance Group Inc. (EMCI) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
EnerNOC, Inc. (ENOC) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating.
Enerplus Resources Fund (ERF) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
Thursday, December 22, 2011
Potash (POT) (ZMH) (WBC) (AAP) (CME) Upgraded
Potash Corp. (POT), Zimmer Holdings (ZMH), WABCO Holdings (WBC), Advance Auto Parts (AAP) and CME Group (CME) were upgraded by analysts.
JP Morgan (NYSE:JPM) upgraded WABCO Holdings (WBC) from a "Neutral" rating to an "Overweight" rating.
Mizuho upgraded Zimmer Holdings (ZMH) from a "Neutral" rating to a "Buy" rating. They raised its price target on the company from $53.00 to $62.00.
BB&T (NYSE:BBT) upgraded Advance Auto Parts (AAP) from a "Hold" rating to a "Buy" rating.
Macquarie upgraded CME Group (CME) from a "Neutral" rating to an "Outperform" rating.
RBC Capital upgraded Potash Corp. (POT) from a "Sector Perform" rating to an "Outperform" rating. They raised their price target on the company from $50.00 to $58.00.
JP Morgan (NYSE:JPM) upgraded WABCO Holdings (WBC) from a "Neutral" rating to an "Overweight" rating.
Mizuho upgraded Zimmer Holdings (ZMH) from a "Neutral" rating to a "Buy" rating. They raised its price target on the company from $53.00 to $62.00.
BB&T (NYSE:BBT) upgraded Advance Auto Parts (AAP) from a "Hold" rating to a "Buy" rating.
Macquarie upgraded CME Group (CME) from a "Neutral" rating to an "Outperform" rating.
RBC Capital upgraded Potash Corp. (POT) from a "Sector Perform" rating to an "Outperform" rating. They raised their price target on the company from $50.00 to $58.00.
Tuesday, December 13, 2011
Pall (PLL) (POT) (REG) (EQT) (FIRE) (FMC) Price Targets Changed
Pall Co. (NYSE: PLL), Potash Corp. (NYSE: POT), Regency Centers (NYSE: REG), EQT Corp. (NYSE: EQT), Sourcefire, Inc. (NASDAQ: FIRE) and FMC Corp. (NYSE: FMC) had price targets on them adjusted by analysts.
Pall Co. (PLL) had its price target raised by Wedbush to $64.00.
Potash Corp. (POT) had its price target lowered by Scotia Capital to $58.00.
Regency Centers (REG) had its price target lowered by Morgan Keegan to $36.00.
EQT Corp. (EQT) had its price target lowered by ISI Group to $73.00. They have an “Outperform” rating on the company.
Sourcefire, Inc. (FIRE) had its price target raised by Morgan Keegan to $40.00.
FMC Corp. (FMC) had its price target raised by Longbow Research from $95.00 to $100.00. They have a “Buy” rating on the company.
Pall Co. (PLL) had its price target raised by Wedbush to $64.00.
Potash Corp. (POT) had its price target lowered by Scotia Capital to $58.00.
Regency Centers (REG) had its price target lowered by Morgan Keegan to $36.00.
EQT Corp. (EQT) had its price target lowered by ISI Group to $73.00. They have an “Outperform” rating on the company.
Sourcefire, Inc. (FIRE) had its price target raised by Morgan Keegan to $40.00.
FMC Corp. (FMC) had its price target raised by Longbow Research from $95.00 to $100.00. They have a “Buy” rating on the company.
Monday, November 28, 2011
Potash (POT) (PPO) (DSX) (DY) (EBAY) (ERIC) Ratings, Price Targets
Potash Corp. (POT), Polypore (PPO), Diana Shipping Inc. (DSX), Dycom Industries, Inc. (DY), eBay, Inc. (EBAY) and Telefonaktiebolaget LM Ericsson (ERIC) ratings and price targets.
Scotia Capital upgraded Potash Corp. (POT) from a “Sector Perform” rating to an “Outperform” rating.
Needham & Company raised its price target on Polypore (PPO) from $75.00 to $79.00. They have a “Strong Buy” rating on the company.
Deutsche Bank (NYSE:DB) reiterated its “Buy” rating on Diana Shipping Inc. (DSX). They have a price target of $13.00 on the company.
FBR Capital raised its price target on Dycom Industries, Inc. (DY) from $24.00 to $29.00. They have an “Outperform” rating on the company.
Deutsche Bank reiterated its “Buy” rating on eBay, Inc. (EBAY). They have a price target of $21.00 on the company.
Societe Generale downgraded Telefonaktiebolaget LM Ericsson (ERIC) from a “Buy” rating to a “Hold” rating.
Scotia Capital upgraded Potash Corp. (POT) from a “Sector Perform” rating to an “Outperform” rating.
Needham & Company raised its price target on Polypore (PPO) from $75.00 to $79.00. They have a “Strong Buy” rating on the company.
Deutsche Bank (NYSE:DB) reiterated its “Buy” rating on Diana Shipping Inc. (DSX). They have a price target of $13.00 on the company.
FBR Capital raised its price target on Dycom Industries, Inc. (DY) from $24.00 to $29.00. They have an “Outperform” rating on the company.
Deutsche Bank reiterated its “Buy” rating on eBay, Inc. (EBAY). They have a price target of $21.00 on the company.
Societe Generale downgraded Telefonaktiebolaget LM Ericsson (ERIC) from a “Buy” rating to a “Hold” rating.
Tuesday, November 22, 2011
Potash (POT) (HAYN) (HIBB) (KOG) (MDAS) (PCG) Price Targets Changed
Potash Corp. (NYSE: POT), Haynes International, Inc. (NASDAQ: HAYN), Hibbett Sports, Inc. (NASDAQ: HIBB), Kodiak Oil & Gas Corp. (NYSE: KOG), MedAssets, Inc. (NASDAQ: MDAS) and PG&E Co. (NYSE: PCG) had price targets on them adjusted by analysts.
Potash Corp. (POT) had its price target lowered by Ticonderoga from $62.00 to $60.00. They have a “Buy” rating on the company.
Haynes International, Inc. (HAYN) had its price target raised by Auriga to $68.00.
Hibbett Sports, Inc. (HIBB) had its price target raised by Piper Jaffray (NYSE:PJC) to $44.00.
Kodiak Oil & Gas Corp. (KOG) had its price target raised by Northland Securities from $8.00 to $10.00. They have an “Outperform” rating on the company.
MedAssets, Inc. (MDAS) had its price target lowered by Auriga to $14.00.
PG&E Co. (PCG) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $41.00.
Potash Corp. (POT) had its price target lowered by Ticonderoga from $62.00 to $60.00. They have a “Buy” rating on the company.
Haynes International, Inc. (HAYN) had its price target raised by Auriga to $68.00.
Hibbett Sports, Inc. (HIBB) had its price target raised by Piper Jaffray (NYSE:PJC) to $44.00.
Kodiak Oil & Gas Corp. (KOG) had its price target raised by Northland Securities from $8.00 to $10.00. They have an “Outperform” rating on the company.
MedAssets, Inc. (MDAS) had its price target lowered by Auriga to $14.00.
PG&E Co. (PCG) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $41.00.
Monday, November 21, 2011
Potash (POT) (MRVL) (PLCE) (RCL) (RIMM) (ROST) Ratings, Price Targets
Potash Corp. (POT), Marvell Technology Group (MRVL), Children’s Place Retail Stores, Inc. (PLCE), Royal Caribbean Cruises Ltd. (RCL), Research In Motion (RIMM) and Ross Stores, Inc. (ROST) ratings and price targets.
Lazard Capital initiated coverage on Potash Corp. (POT). They placed a “Buy” rating on the company.
Morgan Keegan reiterated its “Outperform” on Marvell Technology Group (MRVL). They have a price target of $20.00 on the company.
Caris & Company upgraded Children’s Place Retail Stores, Inc. (PLCE) from an “Above Average” rating to a “Buy” rating. They have a price target of $63.00 on the company.
Jefferies (NYSE:JEF) initiated coverage on Royal Caribbean Cruises Ltd. (RCL). They placed a “Buy” rating on the company.
Canaccord Genuity lowered its price target on Research In Motion (RIMM) from $28.00 to $21.00. They have a “Hold” rating on the company.
Goldman Sachs (NYSE:GS) raised its earnings per share (EPS) estimates on Ross Stores, Inc. (ROST). They have a “Neutral” rating and a price target of $90.00 on the company.
Lazard Capital initiated coverage on Potash Corp. (POT). They placed a “Buy” rating on the company.
Morgan Keegan reiterated its “Outperform” on Marvell Technology Group (MRVL). They have a price target of $20.00 on the company.
Caris & Company upgraded Children’s Place Retail Stores, Inc. (PLCE) from an “Above Average” rating to a “Buy” rating. They have a price target of $63.00 on the company.
Jefferies (NYSE:JEF) initiated coverage on Royal Caribbean Cruises Ltd. (RCL). They placed a “Buy” rating on the company.
Canaccord Genuity lowered its price target on Research In Motion (RIMM) from $28.00 to $21.00. They have a “Hold” rating on the company.
Goldman Sachs (NYSE:GS) raised its earnings per share (EPS) estimates on Ross Stores, Inc. (ROST). They have a “Neutral” rating and a price target of $90.00 on the company.
Potash (POT) (PGH) (GRPN) (PGN) (CREE) (ERF) Get New Coverage
Potash Corp. (NYSE: POT), Pengrowth Energy Trust (NYSE: PGH), Groupon (NASDAQ: GRPN), Progress Energy (NYSE: PGN), Cree, Inc. (NASDAQ: CREE) and Enerplus Resources Fund (NYSE: ERF) getting new coverage from analysts.
Lazard Capital initiated coverage on Potash Corp. (POT). They placed a “Buy” rating on the company.
Barclays Capital initiated coverage on Pengrowth Energy Trust (PGH). They placed an “Equal Weight” rating on the company.
Wedbush initiated coverage on Groupon (GRPN). They placed a “Neutral” rating on the company.
Barclays Capital initiated coverage on Progress Energy (PGN). They placed an “Overweight” rating on the company.
Goldman Sachs (NYSE:GS) initiated coverage on Cree, Inc. (CREE). They placed a “Buy” rating and a price target of $40.00 on the company.
Barclays Capital initiated coverage on Enerplus Resources Fund (ERF). They placed an “Underweight” rating on the company.
Lazard Capital initiated coverage on Potash Corp. (POT). They placed a “Buy” rating on the company.
Barclays Capital initiated coverage on Pengrowth Energy Trust (PGH). They placed an “Equal Weight” rating on the company.
Wedbush initiated coverage on Groupon (GRPN). They placed a “Neutral” rating on the company.
Barclays Capital initiated coverage on Progress Energy (PGN). They placed an “Overweight” rating on the company.
Goldman Sachs (NYSE:GS) initiated coverage on Cree, Inc. (CREE). They placed a “Buy” rating and a price target of $40.00 on the company.
Barclays Capital initiated coverage on Enerplus Resources Fund (ERF). They placed an “Underweight” rating on the company.
Wednesday, November 16, 2011
CIGNA (CI) (POT) (QCOM) (RDC) (CATM) (CERN) Price Targets Changed
CIGNA Co. (NYSE: CI), Potash Corp. (NYSE: POT), QUALCOMM, Inc. (NASDAQ: QCOM), Rowan Companies, Inc. (NYSE: RDC), Cardtronics (NASDAQ: CATM) and Cerner Corp. (NASDAQ: CERN) had price targets on them adjusted by analysts.
CIGNA Co. (CI) had its price target raised by Oppenheimer to $58.00. They have an “Outperform” rating on the company.
Potash Corp. (POT) had its price target raised by Goldman Sachs (NYSE:GS) to $61.00. They have a “Buy” rating on the company.
QUALCOMM, Inc. (QCOM) had its price target raised by Citigroup (NYSE:C) to $62.00. They have a “Buy” rating on the company.
Rowan Companies, Inc. (RDC) had its price target lowered by Jefferies (NYSE:JEF)to $48.00. They have a “Buy” rating on the company.
Cardtronics (CATM) had its price target raised by Barrington Research from $28.00 to $32.00. They have an “Outperform” rating on the company.
Cerner Corp. (CERN) had its price target raised by Credit Suisse to $67.00. They have a “Neutral” rating on the company.
CIGNA Co. (CI) had its price target raised by Oppenheimer to $58.00. They have an “Outperform” rating on the company.
Potash Corp. (POT) had its price target raised by Goldman Sachs (NYSE:GS) to $61.00. They have a “Buy” rating on the company.
QUALCOMM, Inc. (QCOM) had its price target raised by Citigroup (NYSE:C) to $62.00. They have a “Buy” rating on the company.
Rowan Companies, Inc. (RDC) had its price target lowered by Jefferies (NYSE:JEF)to $48.00. They have a “Buy” rating on the company.
Cardtronics (CATM) had its price target raised by Barrington Research from $28.00 to $32.00. They have an “Outperform” rating on the company.
Cerner Corp. (CERN) had its price target raised by Credit Suisse to $67.00. They have a “Neutral” rating on the company.
Friday, October 28, 2011
Potash (POT) (MOS) (ITRI) (MGA) Get New Coverage
Potash Corp (NYSE: POT), The Mosaic Company (NYSE: MOS), Itron, Inc. (NASDAQ: ITRI) and Magna International Inc. (NYSE: MGA) getting new coverage from analysts.
RBC Capital initiated coverage on Potash Corp. (POT). They placed a “Sector Perform” rating and a price target of $55.00 on the company.
RBC Capital initiated coverage on The Mosaic Company (MOS). They placed a “Sector Perform” rating and a price target of $60.00 on the company.
Credit Suisse (NYSE:CS) initiated coverage on Itron, Inc. (ITRI). They placed an “Outperform” rating on the company.
Scotia Capital initiated coverage on Magna International Inc. (MGA). They placed an “Outperform” rating on the company.
RBC Capital initiated coverage on Potash Corp. (POT). They placed a “Sector Perform” rating and a price target of $55.00 on the company.
RBC Capital initiated coverage on The Mosaic Company (MOS). They placed a “Sector Perform” rating and a price target of $60.00 on the company.
Credit Suisse (NYSE:CS) initiated coverage on Itron, Inc. (ITRI). They placed an “Outperform” rating on the company.
Scotia Capital initiated coverage on Magna International Inc. (MGA). They placed an “Outperform” rating on the company.
Tuesday, February 22, 2011
Sirius (LSE:SXX) Potash Mine to Yield £Billions
Plans to build a giant mine in the area to unearth billions of pounds worth of potash could be submitted in as little as 18 months.
The news was revealed by the chief executive of Sirius Minerals (LSE:SXX) as he visited Scarborough to talk to the town’s business leaders about the project.
Chris Fraser was invited to speak at the Ambassadors Dinner, at Beiderbecke’s Hotel, and update guests on the proposals to build a potash mine on the Yorkshire Coast, creating 5,000 jobs.
The plans were unveiled last month when mineral rights between Scarborough and Whitby were sold by York Potash to Sirius Minerals in a move aimed at creating the UK’s first potash mine in 40 years.
Rest of Story...
The news was revealed by the chief executive of Sirius Minerals (LSE:SXX) as he visited Scarborough to talk to the town’s business leaders about the project.
Chris Fraser was invited to speak at the Ambassadors Dinner, at Beiderbecke’s Hotel, and update guests on the proposals to build a potash mine on the Yorkshire Coast, creating 5,000 jobs.
The plans were unveiled last month when mineral rights between Scarborough and Whitby were sold by York Potash to Sirius Minerals in a move aimed at creating the UK’s first potash mine in 40 years.
Rest of Story...
Has Mosaic (MOS) Gone as Far as it Can Short-Term?
In mid August, BHP (NYSE:BHP) made an ill-fated run at Potash Corp. (NYSE:POT).
Since then the entire fertilizer industry has been on a tear. Though valuations for some of the bigger firms may have bulged, their market prices have remained unrepentant. Talk of mergers, upped revenue outlooks, and dire crop forecasts have encouraged speculators to keep to a full gallop.
Mosaic (NYSE:MOS), one of the larger producers of concentrated phosphate and potash, has enjoyed the bid-up, and basked in the “glow of association” as a possible takeover target since October. Last Friday the stock reached $89.10, a two year high.
Not that the company has just been carried along for the ride. Mosaic has had its shoulder to the wheel. It has been doing brisk business and posting great numbers.
Recent revenue and earnings growth for the company have been stunning. Last quarter (4Q10) chalked up revenue growth of 56% year over year. Gross margins have been widening nicely and net income growth was up a scorching 89% from November 2009.
Rest of Story ...
Since then the entire fertilizer industry has been on a tear. Though valuations for some of the bigger firms may have bulged, their market prices have remained unrepentant. Talk of mergers, upped revenue outlooks, and dire crop forecasts have encouraged speculators to keep to a full gallop.
Mosaic (NYSE:MOS), one of the larger producers of concentrated phosphate and potash, has enjoyed the bid-up, and basked in the “glow of association” as a possible takeover target since October. Last Friday the stock reached $89.10, a two year high.
Not that the company has just been carried along for the ride. Mosaic has had its shoulder to the wheel. It has been doing brisk business and posting great numbers.
Recent revenue and earnings growth for the company have been stunning. Last quarter (4Q10) chalked up revenue growth of 56% year over year. Gross margins have been widening nicely and net income growth was up a scorching 89% from November 2009.
Rest of Story ...
Monday, January 31, 2011
Potash Corp. (NYSE:POT) Will be Driven by Crop Prices in 2011
Strong crop price should continue on through 2011, and as crop prices go so should fertilizer demand go, and that ends up working strongly for Potash Corp. (NYSE:POT) and other fertilizer companies.
Barclays says, "With a strong correlation between crop price movement and fertilizer equity performance, it is no secret that fertilizer stocks began trending higher in mid-2010 as crop price forecasts started to gradually increase. With crop fundamentals continuing to strengthen on increasing demand and critically low ending inventories, there is no sign of crop price weakness in the short term. In our opinion, until we see crop prices begin to stagnate or even retreat by way of weakening crop fundamentals (either through demand destruction or supply improvements), we expect fertilizer equities to continue to perform well in 2011."
Barclays maintains an 'Overweight' rating on Potash Corp. (POT), which closed Friday at $174.16, up $0.02, or 0.01 percent. Barclays raised their price target on Potash from $165 to $198. Full year 2011 EPS estimate was boosted from $8.15 to $9.03.
Barclays says, "With a strong correlation between crop price movement and fertilizer equity performance, it is no secret that fertilizer stocks began trending higher in mid-2010 as crop price forecasts started to gradually increase. With crop fundamentals continuing to strengthen on increasing demand and critically low ending inventories, there is no sign of crop price weakness in the short term. In our opinion, until we see crop prices begin to stagnate or even retreat by way of weakening crop fundamentals (either through demand destruction or supply improvements), we expect fertilizer equities to continue to perform well in 2011."
Barclays maintains an 'Overweight' rating on Potash Corp. (POT), which closed Friday at $174.16, up $0.02, or 0.01 percent. Barclays raised their price target on Potash from $165 to $198. Full year 2011 EPS estimate was boosted from $8.15 to $9.03.
Friday, January 28, 2011
Potash (NYSE:POT) Poised for Strong volumes, Demand, Pricing
The agriculture sector continues to have a strong outlook, including fertilizer giant Potash Corp. (NYSE:POT), which is expected to have a strong year in 2011.
Gleacher noted, "while management is confident that global spot prices are likely to rise on strong demand, their guidance did not include higher potash prices, though they do see the potential for prices to move higher as the gap between US and offshore prices narrows. In our view, US prices of $515/st ($565/mt) are likely to stabilize at current levels throughout the spring season as the focus will be on international prices. We believe producers will soon be targeting a $25-$30/mt price increase in Brazil and Southeast Asia as they believe farmers are focusing more on the current strong crop prices rather than the price of potash. Our total gross profit assumption of $4.0bil is in-line with the top-end of the guidance of $3.5-$4.0bil."
They raised full year 2011 and 2012 EPS estimates from $9.00 and $9.55 to $9.70 and $10.25.
Even so, Gleacher continues to keep their "Neutral" rating in place on Potash for now.
Potash was trading at $174.81, gaining $0.67, or 0.38 percent, as of 2:59 PM EST.
Gleacher noted, "while management is confident that global spot prices are likely to rise on strong demand, their guidance did not include higher potash prices, though they do see the potential for prices to move higher as the gap between US and offshore prices narrows. In our view, US prices of $515/st ($565/mt) are likely to stabilize at current levels throughout the spring season as the focus will be on international prices. We believe producers will soon be targeting a $25-$30/mt price increase in Brazil and Southeast Asia as they believe farmers are focusing more on the current strong crop prices rather than the price of potash. Our total gross profit assumption of $4.0bil is in-line with the top-end of the guidance of $3.5-$4.0bil."
They raised full year 2011 and 2012 EPS estimates from $9.00 and $9.55 to $9.70 and $10.25.
Even so, Gleacher continues to keep their "Neutral" rating in place on Potash for now.
Potash was trading at $174.81, gaining $0.67, or 0.38 percent, as of 2:59 PM EST.
Potash (NYSE:POT) PT Boosted to $240, Street High
The high-flying Potash (NYSE:POT) received a big price increase from an analyst at Boenning & Scattergood, who increased his price target on the fertilizer company from $190 to $240. That's a new Street high PT on the stock.
Reasoning behing the huge uptick was the "supply/demand relationship emerging. World-wide, declared POT this morning, demand this year will climb to 55 – 60 million tons from 52 million tons in 2010, YET CURRENT GLOBAL PRODUCTION CAPACITY IS ONLY 61 MILLION TONS. In simple terms, supply is growing tighter and tighter..."
Farmers have more capital to spend this year also, after a bumper harvest last year from high soybean and corn prices.
Boenning & Scattergood reiterate an "Outperform" rating on Potash, which closed Thursday at $174.14, gaining $5.52, or 3.27 percent.
Reasoning behing the huge uptick was the "supply/demand relationship emerging. World-wide, declared POT this morning, demand this year will climb to 55 – 60 million tons from 52 million tons in 2010, YET CURRENT GLOBAL PRODUCTION CAPACITY IS ONLY 61 MILLION TONS. In simple terms, supply is growing tighter and tighter..."
Farmers have more capital to spend this year also, after a bumper harvest last year from high soybean and corn prices.
Boenning & Scattergood reiterate an "Outperform" rating on Potash, which closed Thursday at $174.14, gaining $5.52, or 3.27 percent.
Wednesday, November 17, 2010
Potash (NYSE:POT) Price Target Raised on Increased Fertilizer Outlook
Analysts' Upgrades, Downgrades
Barclays (NYSE:BCS) said their maintaining their "Overweight" rating on Potash Corp. (NYSE:POT), citing an expected increase in production of potash, along with price increased for phosphate and nitrogen.
"Earlier this week we re-instated our rating on Potash Corporation after being restricted on the company since August 17. We had the opportunity to revise our model so as to reflect the changes that have occurred in the fertilizer industry since we have been restricted and incorporate new company guidance...We have incorporated our new fertilizer price deck and recent company guidance into our model. Specifically, in addition to the price increase in nitrogen and phosphate, we have increased our potash production outlook for 2010 and 2011 and have also re-valued POT's equity portfolio based on previous day closing prices," Barclays said.
Potash was trading at $136.00, gaining $1.37, or 1.02 percent at 2:02 PM EST. Barclays increased their price target on the fertilizer giant from $130 to $160.
Barclays (NYSE:BCS) said their maintaining their "Overweight" rating on Potash Corp. (NYSE:POT), citing an expected increase in production of potash, along with price increased for phosphate and nitrogen.
"Earlier this week we re-instated our rating on Potash Corporation after being restricted on the company since August 17. We had the opportunity to revise our model so as to reflect the changes that have occurred in the fertilizer industry since we have been restricted and incorporate new company guidance...We have incorporated our new fertilizer price deck and recent company guidance into our model. Specifically, in addition to the price increase in nitrogen and phosphate, we have increased our potash production outlook for 2010 and 2011 and have also re-valued POT's equity portfolio based on previous day closing prices," Barclays said.
Potash was trading at $136.00, gaining $1.37, or 1.02 percent at 2:02 PM EST. Barclays increased their price target on the fertilizer giant from $130 to $160.
Subscribe to:
Posts (Atom)