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Barclays initiates coverage of fertilizer firms with a Neutral rating after the recent run-up,...
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Wednesday, August 15, 2012, 12:39 PM ETBarclays initiates coverage of fertilizer firms with a Neutral rating after the recent run-up, yet it still sees attractive upside in top pick CF Industries (CF +0.8%) and others. Crops' demand for nitrogen is relentless, even in a highly uncertain world, the firm says in starting AGU, MOS and CF at Overweight with respective $111, $68 and $250 price targets.
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