Friday, August 29, 2008

Potash Corp still poised to double market cap (POT)

From the Financial Post:

Despite some near term hiccoughs based on ongoing labour uncertainty and market volatility, Potash Corp. of Saskatchewan Inc. is still poised to more than double its market capitalization to a whopping $130-billion sometime over the next year, according to Canaccord Adams analyst Keith Carpenter.

Mr. Carpenter reiterated his "buy" rating and his impressive 12-month price target of $425 for Potash Corp. shares on Friday, while weighing in on the announcement earlier this week from the company that it has restarted potash mining and milling operations at its Allan mine in Saskatchewan....MORE