Investors who were curious if it’s too late to join in on the Agrium Inc. (TSX:AGU)(NYSE:AGU) were given the go ahead by analysts at both RBC and TD Bank—both banks rated Agrium a buy with a $164 price target.
This would represent an approximately 30% upside from the current
price and a continuation of the rally which began in October 2014, which
has already added 43% to Agrium’s share price.
More important than the price target, however, is the rationale for
the price target. Agrium currently has at its disposal three
high-probability catalysts that should serve to materialize the 30% in
gains being predicted by analysts. Here are the three factors driving
Agrium’s bullish target. (more)
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