Agrium (AGU -0.2%) is downgraded to Hold from Action List Buy at TD Securities on valuation...

|About: Agrium Inc. (AGU)|By:, SA News Editor

Agrium (AGU -0.2%) is downgraded to Hold from Action List Buy at TD Securities on valuation after a 57% run-up. The firm thinks consensus 2013 EPS is too high given the "extended potash outage in Q3 2013," plus rising costs of natural gas and phosphate; it is encouraged by Jana Partners' activism, but sees no upside trigger at this time.