UPDATE: RBC Capital Markets Initiates Coverage on The Mosaic Co. on Multiple Value Drivers
In a report published Wednesday, RBC Capital Markets analyst Chris Nocella initiated coverage on The Mosaic Co. (NYSE: MOS) with an Outperform rating and $57.00 price target.
In the report, RBC Capital Markets noted, “Mosaic provides strong leverage to improving demand in the potash and phosphate markets and we believe it would return a substantial amount of capital to shareholders over the next several years. Also, a larger position in phosphates may better position Mosaic if others are interested in its potash assets. We are initiating coverage of MOS with an Outperform rating and $57 per share price target.”
The Mosaic Co. closed on Tuesday at $46.40.
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