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Fly News Breaks for May 9, 2018
IPI
May 9, 2018 | 06:41 EDT
Stephens analyst Mark Connelly upgraded Intrepid Potash to Overweight from Equal Weight with a $5 price target. Potash markets have improved in each of the past two seasons, which indicates the worst is behind the company in terms of pricing, Connelly tells investors in a research note. He believes an improving grain price outlook, better inventory and "solid" water and byproduct results should continue to improve Intrepid's free cash flow.
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