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.
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