In a report published Wednesday, Canaccord Genuity reiterated its Buy rating on Mosaic Company MOS, but lowered its price target from $73.00 to $68.00.
Canaccord Genuity noted, “We continue to rate the shares of Mosaic a BUY but have lowered our target price to US$68.00 from US$73.00 previously based upon a 13.5x multiple to our blended F2013E/F2014E EPS of US$5.06.”
Mosaic Company closed on Tuesday at $55.76.
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