UPDATE: BMO Capital Upgrades Mosaic (MOS) to Outperform, Fertilizer Trade Favors Potash & Phosphate

March 12, 2013 6:56 AM EDT
Get Alerts MOS Hot Sheet
Price: $26.13 -1.36%

Rating Summary:
    9 Buy, 15 Hold, 7 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 17 | New: 25
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(Updated - March 12, 2013 8:59 AM EDT)

BMO Capital upgraded Mosaic (NYSE: MOS) from Market Perform to Outperform with a price target of $72.00 (from $61.00).

Analyst Joel Jackson said the fertilizer trade was turning to potash/phosphate producers vs nitrogen producers. This is bullish for Potash Corp. of Saskatchewan (NYSE: POT) and The Mosaic Company (NYSE: MOS), and less bullish CF Industries Holdings, Inc. (NYSE: CF) and Agrium Inc. (NYSE: AGU).

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 $61.50 yesterday.

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