Market Overview

UPDATE: Bank of America Merrill Lynch Reiterates Buy Rating, Lowers PT on The Mosaic Company

Share:
Related MOS
Tuesday's Morning Movers: FXCM Takes Another Big Drop
Mosaic Ups Guidance On Strong Sales, Margins
Agrium Boosts Dividend Payout on Strong Cash Flow View - Analyst Blog (Zacks)

In a report published Wednesday, Bank of America Merrill Lynch reiterated its Buy rating on The Mosaic Company (NYSE: MOS), but lowered its price target from $70.00 to $68.00.

BofA Merrill Lynch noted, “We see MOS as an attractive core holding in fertilizers. While the near-term industry outlook is mixed, we find valuation attractive in light of several company-specific catalysts: (1) a potash capacity increase of 1.3mn tons or 13% in January 2013, (2) a related increase in Mosaic's Canpotex export allocation, (3) brown field potash expansions at attractive economics, and (4) net positive developments relating to the May 2011 split-off of Cargill's ownership stake.”

The Mosaic Company closed on Tuesday at $55.76.

Latest Ratings for MOS

DateFirmActionFromTo
Jan 2015CIBCDowngradesSector PerformSector Underperform
Nov 2014CitigroupMaintainsNeutral
Nov 2014SusquehannaUpgradesNeutralPositive

View More Analyst Ratings for MOS
View the Latest Analyst Ratings

Posted-In: Bank of America Merrill LynchAnalyst Color Price Target Analyst Ratings

 

Related Articles (MOS)

Around the Web, We're Loving...

Get Benzinga's Newsletters