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.
Latest Ratings for MOS
|Jan 2017||Cowen & Co.||Upgrades||Underperform||Market Perform|
|Dec 2016||Scotiabank||Downgrades||Sector Perform||Sector Underperform|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.