Seeking Alpha

Agrium cut to Hold at Stifel on lower potash, nitrogen prices

  • Agrium (AGU -0.7%) is downgraded to Hold from Buy at Stifel Nicolaus, which also removes its $99 target price on the stock; in addition to lower potash prices, the firm believes AGU also will be negatively impacted by lower nitrogen prices in 2014.
  • While AGU shares should benefit from the retail segment's contribution in Q2, the firm thinks lower fertilizer prices will negatively impact 2014 earnings in the wholesale segment.
Comments (2)
  • 13761362
    , contributor
    Comments (382) | Send Message
     
    gee thanks. what's QE again?
    5 Aug 2013, 10:20 AM Reply Like
  • theo_rhetoric
    , contributor
    Comments (131) | Send Message
     
    Only reason I continue to hold is the buffering from the retail segment. To think that Janus Partners wanted them out of that segment.
    5 Aug 2013, 10:36 AM Reply Like
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