Bank of America (NYSE:BAC) Begins Coverage of Potash (NYSE:POT) Again

Analyst Coverage


Bank of America (NYSE:BAC) has started their coverage of Potash Corp.(NYSE:POT) again after BHP Billiton (NYSE:BHP) said they're no longer going to attempt to acquire the company.

Bank of America started the fertilizer giant off with a "Buy" rating.

Shareholders and investors also like it that the company, after the dropped bid of BHP, announced they're going to buy back about $2 billion of its own stock.

Potash closed Wednesday at $136.07, gaining $1.44, or 1.07 percent. Bank of America put a price target of $150 a share on them.