Potash (NYSE:POT) Upgraded to Buy from Hold - Share Price Up

The shares of Potash (NYSE:POT) have risen over 3 percent today, as a Desjardin analyst upgraded the company to Buy from Hold.

Shares of the company rose by over $3 on the news, standing at $104.61 a share at 4:12 EST.

Major factors in the decision were the fall in the share price, which was down by close to 7 percent since May 1, and Desjardins believes that the price of potash has bottomed out, and it'll start to rebound going forward.