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Fly News Breaks for August 7, 2017
IPI
Aug 7, 2017 | 05:52 EDT
UBS analyst John Roberts downgraded Intrepid Potash to Sell saying that while bankruptcy risk has been "significantly reduced" since the share count was increased 60% with the March secondary, he remains concerned about the lack of long term growth in non-core income and "still depressed" core potash related income. Roberts cites valuation for his downgrade and raised his price target for Intrepid Potash shares to $2.50 from $2.00. The potash producer closed Friday up 10% to $3.83.
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