Yara International ASA (NASDAQ: YARIY), Meridian Bioscience, Inc. (NASDAQ: VIVO), Zurich Financial Services (NASDAQ: ZFSVY), Aon Co. (NYSE: AON), Bancolombia S.A. (NYSE: CIB) and Aixtron AG (NASDAQ: AIXG) ratings and price targets.
Meridian Bioscience, Inc. (VIVO) was downgraded by Wedbush from a “Neutral” rating to an “Underperform” rating.
Yara International ASA (YARIY) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.
Zurich Financial Services (ZFSVY) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Aon Co. ( AON) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating. They have a price target of $50.00 on the company.
Bancolombia S.A. (CIB) was upgraded by Raymond James (NYSE:RJF) to an “Outperform” rating.
BNP Paribas initiated coverage on Aixtron AG (AIXG). They placed an “Underperform” rating on the company.
Showing posts with label Yara. Show all posts
Showing posts with label Yara. Show all posts
Wednesday, February 1, 2012
Thursday, March 3, 2011
CF Industries (CF) Struggles to Justify Terra Acquisition
The acquisition of Terra Industries by CF Industries (NYSE:CF) was expected to generate major benefits for the company, but so far it has resulted in CEO Steve Wilson having to go on the defensive as corn prices continue to be the main driver of the company, and not the expected benefits of the merger.
CF makes nitrogen and phosphate fertilizers, both crucial material for farmers. The company spent most of 2009 and part of 2010 in hot pursuit of Terra, all the while fending off a hostile bid from Canada's Agrium (NYSE:AGU).
Ultimately, CF emerged the winner of the so-called fertilizer wars when it clinched Terra for $4.6 billion in cash and stock, more than double the initial offer.
The deal made CF the world's second-largest producer of nitrogen, after Norway's Yara (YAR.OL), by increasing its number of fertilizer plants to seven from two. The buyout also brought access to pipelines and barges in the U.S. Midwest, the world's largest corn-growing region.
Full Story
CF makes nitrogen and phosphate fertilizers, both crucial material for farmers. The company spent most of 2009 and part of 2010 in hot pursuit of Terra, all the while fending off a hostile bid from Canada's Agrium (NYSE:AGU).
Ultimately, CF emerged the winner of the so-called fertilizer wars when it clinched Terra for $4.6 billion in cash and stock, more than double the initial offer.
The deal made CF the world's second-largest producer of nitrogen, after Norway's Yara (YAR.OL), by increasing its number of fertilizer plants to seven from two. The buyout also brought access to pipelines and barges in the U.S. Midwest, the world's largest corn-growing region.
Full Story
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