Commodities & Metals
Goldman Sachs Hikes Ag/Fertilizers (MOS, MON, MOO)
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Goldman Sachs has come out positive on two companies that overlap in agriculture and fertilizer plays this morning, and it has raised estimates and targets:
On a macro call, Goldman Sachs actually sees corn plantings declining any acreage increasing, with a rapid adoption of biotech traits. If one person has been behind anything related to agriculture, it is Jim Cramer and you can see his new agriculture pick for $16 corn/wheat or you can see his top five picks for the agriculture group here.
We still note that if you want to pursue the whole agriculture theme but do not want to have the risks associated with picking one stock and taking any company execution risk versus the sector, you can look at the Market Vectors Global Agribusiness ETF (AMEX:MOO).
Jon C. Ogg
March 6, 2008
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