Market Overview

BMO Says Mosaic's 2013 Production Outlook 'Appears Soft'

Share:
Related MOS
Benzinga's Top Downgrades
Earnings Scheduled For May 4, 2016
Materials ETF Benefiting From Its Building Stocks (Investor's Business Daily)

BMO analyst Joel Jackson offered his analysis of Mosaic's (NYSE: MOS) Q2 results Friday, saying the company beat on the “strong” North American fall potash application season and lower-than-expected tax rate.

Jackson believes the company's 2013 forecast “appears soft” in regards to both potash/phosphate volumes and pricing. The third quarter potash volume forecast was “most surprising” to Jackson though, suggesting there may be a timing issue as the North American market “warms up” closer to the April/May application.

Shares of Mosaic are up more than 3 percent Friday afternoon.

Latest Ratings for MOS

DateFirmActionFromTo
May 2016HSBCDowngradesHoldReduce
Apr 2016Vertical ResearchDowngradesBuyHold
Apr 2016BarclaysDowngradesEqual-weightUnderweight

View More Analyst Ratings for MOS
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings

 

Related Articles (MOS)

View Comments and Join the Discussion!