Potash Sector Downgrades from UBS, Scotia

 

Today a slew of analysts downgrades came down the pike. Kudos for waiting for the drop here guys. Take these for what there worth.

Over at Scotia Capital Agrium was given a new price target of $80 canadian, down from $114. UBS also touched upon AGU, changing their price target to $80 US, from $135.

Not done for the day Scotia cut their Potash Corp (POT) price target to $137 Canadian, from $237. UBS cut POT down to a higher $180 US but they also had a higher original target of $308.

Both houses also cut their Potash realized price down, with Scotia predicating $860 a ton.

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I usually try to avoid editorials on this website… Its one thing for many of these analysts to come out and make a call leading up to events or major price movement but it’s completely another to make the call after the action has happened. These are the same analysts that ratcheted up their price targets once a good portion of the Potash run had begun. With the technology present one would think that the ratings houses could get ahead of the curve. Instead they seem to pile on the front or back end of a stocks momentum.

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