Goldman Sachs Downgrades Mosaic (MOS) to Sell

January 22, 2014 6:44 AM EST Send to a Friend
Get Alerts MOS Hot Sheet
Price: $42.81 +0.42%

Rating Summary:
    6 Buy, 19 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 29 | Down: 28 | New: 24
Trade MOS Now!
Join SI Premium – FREE
Goldman Sachs downgraded Mosaic (NYSE: MOS) from Neutral to Sell with a price target of $41.00 (from $35.00) as they maintained a cautious coverage view on Fertilizer stocks underpinned by a negative outlook for corn and soybean prices over the next 12 months that will pressure farmer economics and 2015 acreage potential.

"We believe the market is overly focused on a near-term bottom in international K pricing and is overly optimistic on 2H14 and 2015 pricing potential given our expectation for limited improvement in industry operating rates in 2015-2016 and the impact of rising North American production on premium domestic pricing," analyst Adam Samuelson states.

He added, "With MOS currently discounting $360-$370/mt K prices in 2015, in our view, and down only -8% from the break-up of BPC in late July, we believe shares already reflect an overly optimistic medium-term price recovery given our S/D forecasts."

For an analyst ratings summary and ratings history on Mosaic click here. For more ratings news on Mosaic click here.

Shares of Mosaic closed at $48.32 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change, Downgrades, Hot Downgrades

Related Entities

Goldman Sachs

Add Your Comment