UBS Trims Numbers on Mosaic (MOS)
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Price: $59.29 -1.64%
Rating Summary:
14 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
14 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade MOS Now!
UBS maintained a Buy rating on Mosaic (NYSE: MOS) and trimmed its price target to $65.00 (from $67.00). The cut reflects lower expected normalized potash volumes and margins.
Mosiac believes demand is being deffered rather than destroyed, but the report says volumes may not pick up until 2013.
"While fertilizer demand in North America for the fall application season has been strong, overseas demand has been more tepid," said analyst.
UBS cut EPS estimates to $4.65 for 2013 and $4.80 for 2014.
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 $49.10 yesterday, with a 52 week range of $44.43-$61.98.
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Mosiac believes demand is being deffered rather than destroyed, but the report says volumes may not pick up until 2013.
"While fertilizer demand in North America for the fall application season has been strong, overseas demand has been more tepid," said analyst.
UBS cut EPS estimates to $4.65 for 2013 and $4.80 for 2014.
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 $49.10 yesterday, with a 52 week range of $44.43-$61.98.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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