+------------------------------------------------------------------------------+
Fertilizer Stocks Should Be Sold Into Recent Strength, BMO Says 2014-01-15 12:29:13.774 GMT
By Arie Shapira Jan. 15 (Bloomberg) -- Fertilizers may have limited upside this year given recent multiple expansion vs chemicals/miners and indices, BMO analyst Joel Jackson writes in note. * Sell group into strength; premiums “built in” for typical Jan./Feb. spring lift, BPC reunion prospects * Top picks AGU, Yara; rates CF, POT, MOS market perform and IPI, K+S underperform * NOTE: IPI last night announced it will cut 7% of workforce * NOTE: Potash-exposed fertilizers outperformed yday (IPI +5%, MOS +4.1%, POT +2.3%); BMO said Uralkali informing Brazil customers it will raise potash prices starting in March, citing FMB
For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>
--Editor: Steven Fromm
To contact the reporter on this story: Arie Shapira in New York at +1-212-617-1488 or ashapira3@bloomberg.net
To contact the editor responsible for this story: Joanna Ossinger at +1-212-617-7789 or jossinger@bloomberg.net