Dahlman Rose Raising Estimates On Agrium (AGU)

Dahlman Rose & Co. is raising its estimates on Agrium Inc. AGU after it reported earnings. It has a Hold rating on shares. In a research report sent to clients, Dahlman Rose writes, "Following 3Q10 results, we are updating our model to reflect an improved pricing environment for fertilizers along with higher margins within the retail segment. We have raised our 4Q10 estimate near the high end of guidance range and increased our 2011 estimates due to improved crop nutrient fundamentals." Shares of AGU gained 45 cents yesterday to close at $84.56, a gain of 0.5%.