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Fly News Breaks for September 21, 2015
POT
Sep 21, 2015 | 08:31 EDT
Macquarie downgraded Potash to Underperform and lowered its price target to $22 from $32. Analyst Daniel Greenspan lowered his estimates below consensus and expects negative import volumes and price momentum to continue into 2016, resulting in multiple compression. Greenspan said the backdrop for potash remains negative and sees no reason the potash price should continue to trade above the cost curve.
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