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Potash Corp. gets another bullish review
Posted on June 24, 2008
UBS Securities has raised its price target on Potash Corp. to US$285 from US$250 on expectations for higher realized fertilizer prices and strong second quarter results due out July 24. The most valuable company on Canada s benchmark index rose more than 2.5% on Monday, hitting yet another all-time high and helping drive the TSX up more than 100 points.UBS analyst Brian MacArthur s earnings per share forecast for the quarter climbs to US$2.68 from US$2.34. His 2008 and 2009 forecasts rise to US$11.89 and US$19.17 from US$10.39 and US$13.66, respectively. He noted recent potash transactions...
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