After taking a beating in the past months, as concerns over the debt crisis in Europe sparked concern that demand for fertilizers would wane, analysts appear to be turning bullish on the sector. Today, several fertilizer stocks were upgraded.
Dahlman Rose issued the following upgrades:
CF Industries (CF) ($200 target) to Buy from Sell with a $200 price target. Current price $183.66.
Potash (POT) ($49) to Buy from Sell with $49 price target. Current price $41.01.
Agrium (AGU) to buy from hold with a $98 price target. Current price $85.46
Mosaic (MOS) to Buy from Hold with a $60 price target. Current price $51.10.
Intrepid Potash (IPI) to Hold from Sell.