GREY:MIGGF - Post by User
Post by
gecko1100on Sep 09, 2011 10:12am
346 Views
Post# 19026159
TD still rates MGO as BUY
TD still rates MGO as BUYTarget and BUY rating unchanged. We have made some minor adjustments (i.e., higher direct potash sales,increased compound fertilizer sales because a previous production issue related to humid weather has been
partially resolved since May 2011, higher exchange rate, etc.), which slightly lift our full-year EPS estimate for
both fiscal 2012 and 2013. Specifically, our fiscal 2012/2013 EPS estimates are slightly increased to
.73
(was
.71) and
.99 (was
.96), respectively. Our $8.50/share price target and BUY rating are unchanged.