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

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Mosaic Co Shares Are Running Into A Ceiling

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
Nov 2014CitigroupMaintainsNeutral
Nov 2014SusquehannaUpgradesNeutralPositive
Nov 2014CitigroupMaintainsNeutral

View More Analyst Ratings for MOS
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Initiation Analyst Ratings

 

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