Potash, Mosaic, Intrepid Potash Shares Move Higher Following Upgrades by BGC
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
|Jul 2016||RBC Capital||Downgrades||Outperform||Sector Perform|
|May 2016||Stifel Nicolaus||Downgrades||Buy||Hold|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.