Market Overview

UPDATE: RBC Capital Markets Initiates Coverage on The Mosaic Co. on Multiple Value Drivers

Share:
Related MOS
Think Buybacks Boost Share Prices? Think Again
Agricultural Stocks Surge On CF-OCI Merger Rumor
Potash Corp. (POT) Q2 Earnings Fall Shy, Lowers Outlook - Analyst Blog (Zacks)

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.

Latest Ratings for MOS

DateFirmActionFromTo
Jul 2015Atlantic EquitiesUpgradesNeutralOverweight
Jul 2015BarclaysMaintainsEqual-weight
May 2015BarclaysMaintainsEqual-weight

View More Analyst Ratings for MOS
View the Latest Analyst Ratings

Posted-In: Chris Nocella RBC Capital MarketsAnalyst Color Initiation Analyst Ratings

 

Related Articles (MOS)

Get Benzinga's Newsletters