Goldman Sachs Reinstates Potash and Agrium At Neutral

Benzinga.com reports that Goldman Sachs has published a research report on Potash Corporation (NYSE:POT) and Agrium Inc. (NYSE:AGU) and reinstate the two companies with a Neutral rating.

The market news is quoted as saying:

In the report, Goldman Sachs writes “We remain constructive on the fertilizer outlook based on several positive fundamental drivers: (1) tight global supply-demand crop balances should support prices and consequently farmer returns and nutrient demand, (2) limited near-term excess capacity in Nitrogen (N), Phosphate (P), and Potash (K) should continue to bolster fertilizer prices into the next planting season, and (3) the input cost backdrop remains relatively benign. We note two recent policy decisions from China supportive of fertilizer fundamentals.

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