POT News... Can this go any higher

Thursday, June 19, 2008

	POT Potash tgt raised to $340 at RBC; raises FY08 and FY09 EPS est (237.74 )
	RBC raises their tgt on POT to $340 from $300 to reflect firms upward revision to their fertilizer price assumptions. Firm has increased their 2008 and 2009 EPS ests to $12.26 and $21.33 (consensus $11.04 and $17.32) from $9.83 and $15.02, respectively. Firm expects potash fertilizer market fundamentals to remain strong through 2014 given limited new capacity additions and growing demand.