Israel Chemicals' current price level represents a 20% discount on analyst Amir Adar's target for the stock.
The fall in the share price of Israel Chemicals (TASE: CHIM) represents a buying opportunity, according to Harel Finance analyst Amir Adar. "The price falls of the past few hours provide an entry point for those who have sat on the fence and waited for an opportunity to enlarge their holdings in Israel Chemicals," Adar writes in a flash note on the stock.
"The heights that fertilizer company stocks have reached are causing greater volatility," Adar notes. Israel Chemicals' current price level represents a 20% discount on Adar's price target for the stock of NIS 87 (ex-dividend).
Published by Globes [online], Israel business news - www.globes.co.il - on July 3, 2008
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