Roth MKM analyst Joe Reagor initiated coverage of Brazil Potash (GRO) with a Buy rating and $17 price target The analyst believes Brazil Potash is “on the cusp” of developing its Autazes potash project. The significance of this project is undervalued by the market given the magnitude of potash imports in Brazil today, the analyst tells investors in a research note. The firm believes upside to its valuation exists if the company is able to arrange attractive financing term.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GRO:
- Brazil Potash Corp. Strengthens Leadership with New Board Appointment
- Brazil Potash Advances with Key Water Permits
- Brazil Potash converts water extraction installation licenses into permits
- Opening Day: New Century Logistics completes $6M IPO
- Brazil Potash appoints Mayo Schmidt new executive chairman
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
