Market Overview

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

Related MOS
Standpoint Research Says Time Is Now To Buy Mosaic Co
Mosaic Co Shares Jump Amid Scotia Capital Upgrade
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Benzinga's Top Upgrades
Susquehanna Upgrades Intrepid Potash To Neutral

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
Oct 2014Standpoint ResearchUpgradesHoldBuy
Oct 2014Scotia CapitalUpgradesSector PerformSector Outperform
Oct 2014CitigroupMaintainsNeutral

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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