Canaccord Genuity Reiterates a 'Buy' on Mosaic (MOS); Q3 Results and Outlook Remain Positive; Court Decision Looms
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Price: $21.61 -0.78%
Rating Summary:
11 Buy, 20 Hold, 9 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 20 Hold, 9 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity reiterates a 'Buy' on Mosaic (NYSE: MOS), PT $100.
Canaccord analyst says, "We reiterate our rating on Mosaic as we believe the company will benefit from continued strong fundamentals in the potash and phosphate industries. However, we caution investors to make a trading call during the month of May due to the risk of the pending court decision on the South Fort Meade phosphate operation. Although we assume the case will be won by Mosaic, one never knows the likelihood of how a court will act, and in our opinion, the stock would experience a larger move under a negative judgment scenario. As such, we caution clients through the month of May, but we believe Mosaic will perform well as a stock through fiscal 2012 (May YE)."
For more ratings news on Mosaic click here and for the rating history of Mosaic click here.
Shares of Mosaic closed at $80.45 yesterday.
Canaccord analyst says, "We reiterate our rating on Mosaic as we believe the company will benefit from continued strong fundamentals in the potash and phosphate industries. However, we caution investors to make a trading call during the month of May due to the risk of the pending court decision on the South Fort Meade phosphate operation. Although we assume the case will be won by Mosaic, one never knows the likelihood of how a court will act, and in our opinion, the stock would experience a larger move under a negative judgment scenario. As such, we caution clients through the month of May, but we believe Mosaic will perform well as a stock through fiscal 2012 (May YE)."
For more ratings news on Mosaic click here and for the rating history of Mosaic click here.
Shares of Mosaic closed at $80.45 yesterday.
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