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Potash, Mosaic, Intrepid Potash Shares Move Higher Following Upgrades by BGC

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Shares of Potash (NYSE: POT), Mosaic (NYSE: MOS) and Interpid Potash (NYSE: IPI) are all moving higher in Friday's pre-market session following a set of upgrades from BGC Partners' Mark Gulley.

Gulley raised each stock from Hold to Buy. The analyst set a $37 price target on shares of Potash, a $50 target on Mosaic shares, and a price target of $16 on Intrepid Potash.

Related to the recent action in Russia which has pushed these names sharply lower, Gulley said there is "too much at stake" for the two parties involved in the BPC venture to remain independent for a while longer.

Potash shares are up 1 percent to $31.08, shares of Mosaic are up 0.9 percent to $43.89, and shares of Interpid Potash are up 2.6 percent to $13.29.

BENZINGA PRO TIP: Watch the Market Vectors Ag ETF (NYSE: MOO) to get a good reading on the entire Ag sector.

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 News Upgrades Price Target Analyst Ratings

 

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