UPDATE: Goldman Sachs Resumes Potash at Buy on Leverage to Turnaround in Fundamentals
Posted on December 12, 2012 at 09:23 AM EST
Goldman Sachs resumed coverage on Potash (NYSE: POT ) with a Buy rating and a $46 price target. Goldman Sachs said, "Following the recent announcement of production curtailments amounting to about 15% of annual capacity and broad-based inventory destocking, we believe potash fundamentals are approaching trough. Coupled with significant