Tuesday, January 11, 2011

Mosaic (NYSE:MOS), Agrium (NYSE:AGU), Methanex (Nasdaq:MEOH), Potash (NYSE:POT) PT Boosted by CIBC

With the price of Potash Corp. (NYSE:POT) soaring since August, it appears CIBC has downgraded them from "Sector Outperform" to "Sector Perform" on the company being fully valued. That didn't stop CIBC from raising the price target on them, as well as on Mosaic (NYSE:MOS), Agrium (NYSE:AGU) and Methanex (Nasdaq:MEOH) though.

CIBC downgraded Potash from "Outperform" to "Sector Perform," while at the same time boosting their price target from $160 to $180.

For Mosaic, their price target was bumped up from $68 to $80, and Agrium from $100 to $115. Methanex was increased slightly from $32 to $33.

CIBC kept a "Sector Perform" rating on Mosaic and Methanex, while maintaining an "Outperform" on Agrium.

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