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Enter Symbol:
Agrium Inc. (AGU) [hlAlert]

Neutral AGU

Agrium Inc. (AGU) downgraded to Neutral with price target $95 by HSBC Securities

Posted on: Wednesday,  Aug 21, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Neutral Agrium Inc. (NYSE: AGU) on 08/21/2013. Previously HSBC Securities rated Overweight Agrium
Inc. (NYSE: AGU) on 04/18/2013., when the stock price was $92.13. Since then, Agrium Inc. has lost 6.69% of its value until HSBC Securities rated AGU Overweight on 08/21/2013, when the price was $85.97. .

Agrium Inc is a leading global producer and marketer of fertilizer and a major retail supplier of agricultural products and services in both North America and Argentina. They produce and market four primary groups of fertilizers: nitrogen, phosphate, potash and sulphur. Their strategy is to grow through incremental expansion of their existing operations and acquisitions as well as the development, commercialization and marketing of new products and international opportunities.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/4/2013 8:25 AM Buy
88.61 105.00
as of 12/13/2013
1 Week down  -1.13 %
1 Month down  -1.48 %
3 Months up  0.89 %
1 YTD down  -5.79 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/21/2013 8:25 AM Hold
85.97 95.00
4/18/2013 8:25 AM Buy
92.13 117.00

(*) Stock Price at the time of the recommendation.
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