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UPDATE: Topeka Capital Markets Initiates Coverage on The Mosaic Company with Hold Rating, $53 PT

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In a report published Monday, Topeka Capital Markets initiated coverage on The Mosaic Company (NYSE: MOS) with a Hold rating and a $53.00 price target.

Topeka Capital noted, “We are initiating coverage of The Mosaic Company with a Hold rating and a $53 price target. Our Hold rating reflects our cautious view of the global potash supply and demand balance, as well as the overhang of the Cargill transaction that should resolve itself during 2H13.”

The Mosaic Company closed on Friday at $57.35.

Latest Ratings for MOS

DateFirmActionFromTo
Aug 2016Vertical ResearchDowngradesHoldSell
Aug 2016SusquehannaDowngradesPositiveNeutral
Aug 2016CitigroupMaintainsNeutral

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Posted-In: Topeka Capital MarketsAnalyst Color Initiation Analyst Ratings

 

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