UPDATE: UBS Downgrades Intrepid Potash (IPI) to Sell

(updated to add analyst comment)

UBS downgraded Intrepid Potash (NYSE: IPI) from Neutral to Sell with a price target of $2.50 (from $2.00).

Analyst John Roberts is cautious on potash pricing and believes bankruptcy risk as been reduced since the company increased share counts. The analyst also has concern regarding sustainability and lacking LT growth in non-core income.

For an analyst ratings summary and ratings history on Intrepid Potash click here. For more ratings news on Intrepid Potash click here.

Shares of Intrepid Potash closed at $3.83 Friday.

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