Market Overview

Morgan Stanley Maintains Overweight Rating On Mosaic

Share:

According to Morgan Stanley, Mosaic Company (NYSE: MOS) is maintaining its Overweight rating following F3Q11 results that came in ahead of both our and the consensus expectations, in our case largely because of lower phosphate COGS.

Morgan Stanley reported that in general, the quarter was marked by volume at the low end of company guidance, but price at the high end. “Leaving the quarter aside, Mosaic once again increased its expectations for global phosphate and potash demand for C2011, moving incrementally closer to our Bull Case. We do not expect a meaningful share price reaction from F3Q results and note that the plethora of USDA data coming out tomorrow morning is more likely to drive overall sentiment than a backward looking quarter that is divorced from spot fundamentals.”

Mosaic Company closed yesterday at $80.45.

 

Related Articles (MOS)

View Comments and Join the Discussion!

Posted-In: Morgan Stanley The Mosaic CompanyAnalyst Color Analyst Ratings

Latest Ratings

StockFirmActionPT
PECFRAMaintains8.0
HUNCFRAUpgrades16.0
CCCFRADowngrades11.0
VOYAPiper SandlerMaintains58.0
PRUPiper SandlerMaintains64.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com