April 14, 2016
Cowen and Company Downgrades Potash Co. of Saskatchewan (POT)
Potash Co. of Saskatchewan (NYSE:POT) was downgraded by stock analysts at Cowen and Company from a “market perform” rating to an “underperform” rating in a note issued to investors on Thursday, The Fly reports.
Other analysts have also recently issued reports about the company. Credit Suisse restated a “sell” rating on shares of Potash Co. of Saskatchewan in a research report on Sunday, January 31st. Barclays cut their price objective on Potash Co. of Saskatchewan from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 12th. Raymond James cut their price objective on Potash Co. of Saskatchewan from $23.00 to $16.00 in a research report on Wednesday, January 27th. Susquehanna reiterated a “hold” rating and set a $17.00 price target (down from $22.00) on shares of Potash Co. of Saskatchewan in a research report on Tuesday, January 26th. Finally, Vetr cut Potash Co. of Saskatchewan from a “strong-buy” rating to a “buy” rating and set a $18.00 price target for the company. in a research report on Monday, February 1st. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.23.
Source: American Banking and Market News
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