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Potash Reiterated Overweight at Morgan Stanley, Ests. Raised, $132 PT (POT)

Written on Fri, 07/30/2010 - 8:27am
By Chip Brian

Morgan Stanley is raising 2010 EPS estimates for Potash (NYSE:POT) following the company's second quarter results which topped Street estimates. Morgan Stanley now estimates that the company will earn $5.35 per share for the full-year, above the consensus estimate of $5.30.
Morgan believes China potentially returning to the market n the second galf could be an opportunity and that corn prices are currently supportive. The firm has a $132 target price on POT shares.
SmarTrend is bullish on shares of Potash and our subscribers were alerted to buy on July 13, 2010 at $94.07. The stock has risen 9.3% since the alert was issued.

Keywords: Potash fertilizer agricultural chemicals

Ticker(s): POT

Contact Chip Brian



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