Brazil Potash price target lowered to $5.50 from $17 at Roth Capital

Roth Capital lowered the firm’s price target on Brazil Potash (GRO) to $5.50 from $17 and keeps a Buy rating on the shares. The firm has updated its model after the company’s year-end financial results, adjusting the timing of its assumptions for project financing and revising its equity dilution assumptions to be more in line with the current share price, the analyst tells investors in a research note.