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.

From other sites
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 (260) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs