Market Overview

UPDATE: Goldman Sachs Reiterates Buy Rating, Lowers PT for The Mosaic Company

Related MOS
Morgan Stanley Believes Strategic Shift In Phosphate Could Trump Negative Preannouncement For Mosaic Co
Mosaic Co Lowers Guidance; Potash Corp./Saskatchewan And Agrium Inc. Down In Sympathy

In a report published earlier today, the Goldman Sachs Group, Inc. reiterated its Buy rating for The Mosaic Company (NYSE: MOS), but lowered its $71.00 to $61.00.

Goldman Sachs went on to say “We remain constructive on the Fertilizer names...Our positive view is based on: (1) a view that elevated oil prices will support new crop corn prices and farmer economics, (2) our expectation that sufficiently tight nitrogen (N) and phosphate (P) supplies will drive a less negative price trajectory than the consensus view, and (3) valuations look compelling relative to history and replacement value.”

The Mosaic Company closed on Friday at $49.70.

Latest Ratings for MOS

DateFirmActionFromTo
Sep 2014RBC CapitalDowngradesOutperformSector Perform
Sep 2014Cowen & CompanyMaintainsMarket Perform
Aug 2014BGC PartnersDowngradesHoldSell

View More Analyst Ratings for MOS
View the Latest Analyst Ratings

Posted-In: Goldman Sachs Group Inc.Analyst Color Price Target Reiteration Analyst Ratings

 

Related Articles (MOS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters