Potash (POT) Is Goldman's Top Pick In Fertilizers
Get Alerts POT Hot Sheet
Price: $20.65 --0%
Rating Summary:
15 Buy, 11 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 28
Rating Summary:
15 Buy, 11 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 28
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Goldman Sachs reiterated its Buy rating and $67 price target on Potash Corp. (NYSE: POT) saying price increases will drive healthy EPS momentum.
The firm notes POT is their top pick in fertilizer, with both cyclical exposure to higher crop prices, as well as structural tailwinds from an ultra consolidated and very tight supply backdrop.
While valuation looks full, Goldman said POT can sustain a premium multiple due to healthy growth momentum and attractive 60% gross margins for the foreseeable future.
For more ratings news on Potash Corp. click here and for the rating history of Potash Corp. click here.
Shares of Potash Corp. closed at $57.26 yesterday.
The firm notes POT is their top pick in fertilizer, with both cyclical exposure to higher crop prices, as well as structural tailwinds from an ultra consolidated and very tight supply backdrop.
While valuation looks full, Goldman said POT can sustain a premium multiple due to healthy growth momentum and attractive 60% gross margins for the foreseeable future.
For more ratings news on Potash Corp. click here and for the rating history of Potash Corp. click here.
Shares of Potash Corp. closed at $57.26 yesterday.
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