AGU: An Opportunity For Investors

Analysts at Desjardins Securities upgrade Agrium Inc AGU from "hold" to "buy." The target price for AGU is set to $70. According to the analysts, the rating has been upgraded on the basis of valuation, as Agrium’s share price has declined. “We would concur with several market observers that the potash market has bottomed. We forecast demand will outstrip supply in the fertilizer markets through 2011, and prices will increase,” Desjardins Securities mentions. Analysts consider this as an opportunity for the investors to invest in AGU as “China has now emerged as an importer of US corn, which can only have a positive impact on world grain prices.” More Analyst Ratings here