Even after falling 50% in the past 12 months, Wall Street analysts have given a rash of downgrades to Potash Corporation of Saskatchewan Inc. (TSX:POT)(NYSE:POT). CIBCdowngraded shares, believing that “potash markets could remain soft for the foreseeable future due to price competition among the producers.”
Paradigm Capital also downgraded shares, saying that “potash prices remain depressed in an oversupplied market with no rebound in sight.”
Even Morgan Stanley expects “potash to be oversupplied in the near to medium term.”
When and how can Potash Corporation turn things around?...
Source: The Motley Fool