Market Overview

Mosaic and Potash Corp. Shares Fall Following BGC Downgrade

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Related POT
Stifel Previews Q4 Earnings For Potash Corp./Saskatchewan
Mosaic Ups Guidance On Strong Sales, Margins
Related MOS
Earnings Scheduled For February 11, 2015
Benzinga's Top Upgrades
Mosaic (MOS) Strikes 52-Week High Yet Again at $53.83 - Analyst Blog (Zacks)

BGC Partners analyst Mark Gulley downgraded Potash Corp. of Saskatchewan, Inc. (NYSE: POT) and The Mosaic Company (NYSE: MOS) from Buy to Hold and lowered estimates.

Gulley commented that potash price remains under pressure due to excess supply and the lack of demand. The 2014 potash price is estimated to be $350/mt. The analyst writes that there is "nil" upside potential from current levels. Gulley's note follows Morgan Stanley's report stating that potash settling above $300 will be a "challenge."

BGC cut Potash Corp. 2014 EPS estimate from $2.33 to $2.07. The analyst also lowered Mosaic's EPS estimate from $3.00 to $2.84.

On November 13, Mark Gulley downgraded shares of Agrium Inc. (NYSE: AGU) from Buy to Hold and maintained a $95 price target. Since then, shares of Agrium have moved as low $89. Generally, POT, MOS, and AGU shares trade closely.

Today, Potash Corp. and Mosaic have been down 1.42 percent and 1.17 percent, respectively. Agrium shares have done the opposite, though, trading up almost 0.50%. Investors could speculate that there is no more downside for Agrium.

Latest Ratings for POT

DateFirmActionFromTo
Dec 2014UBSUpgradesNeutralBuy
Dec 2014JP MorganUpgradesNeutralOverweight
Nov 2014CitigroupMaintainsNeutral

View More Analyst Ratings for POT
View the Latest Analyst Ratings

Posted-In: bgc partners Mark Gulley Morgan StanleyAnalyst Color Downgrades Analyst Ratings

 

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