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Fly News Breaks for July 10, 2017
AGU
Jul 10, 2017 | 13:55 EDT
As previously reported, Scotiabank upgraded Agrium (AGU) to Outperform from Sector Perform and maintained a $110 price target. Analyst Ben Isaacson said it is "highly unlikely" the merger with Potash (POT) fails to go through and said Agrium offers a favorable 3.9% dividend yield versus Potash's 2.5%. Isaacson said Agrium's dividend is not only same but thinks it growth, potentially as early as this fall and sees an asymmetric risk/reward opportunity to be long the merger.
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