Valuations June 16, 2008 8:39 AM EDT Citi analyst says, "We are raising our fertilizer price forecasts following the recent runup in nitrogen and the increasing likelihood that global spot potash prices will reach $1,000/tonne delivered in 4Q. For 2009, we are increasing our nitrogen products price forecasts by 12-38% and potash forecast by 17%, raising company estimates and target prices, reiterating buys on Agrium (NYSE: AGU), CF Industries (NYSE: CF), Mosaic (NYSE: MOS), Potash (NYSE: POT) and Terra Industries (NYSE: TRA)." Citi raises AGU's price target from $101 to $119, CF's price target from $200 to $215, MOS's price target from $200 to $212, POT's price target from $243 to $284 and TRA's from $56 to $62. http://www.streetinsider.com/Analys...g+on+Several+Agricultural+Stocks/3744848.html
it's just another desperate move by the banks to make money someplace somewhere. fertilizers and coals have been their lifeline lol.....