The red hot agriculture sector continues to push agriculture stocks up, and a number of upgrades have followed from several financial institutions. The latest is Stifel Nicolaus raising their rating on Agrium (NYSE:AGU) from "Hold" to "BUY."
Higher corn and soybean prices and the bid by BHP Billiton (NYSE:BHP) for Potash Corp (NYSE:POT) has been the driving force behind the surge in share prices in the sector.
Agrium closed Thursday at $87.15, gaining $0.29, or 0.33 percent.
Stifel raised their price target on the fertilizer company to $100.
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