Morgan Stanley raised its 2011 and 2012 EPS estimates for Agrium (NYSE:AGU) and maintained its equal-weight rating on the stock, with a $105 price target.
The bank now sees 2011 EPS of $8.36, up from $8.25 per share, and 2012 EPS of $8.96, up from $8.43 per share.
Agrium has a potential upside of 13.3% based on a current price of $92.58 and an average consensus analyst price target of $104.89.
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