Analyst Says Look For Entry in Mosaic (MOS)
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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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In anticipation of Mosaic (NYSE: MOS) FQ2 earnings on Friday, January 4th, Goldman Sachs is advising clients to be prepared to Buy on any weakness.
"We would be buyers of any weakness around FY2Q results, as we believe challenging near-term P&K market fundamentals are well understood by the street and capital allocation catalysts remain visible in mid-2013," said analyst Adam Samuelson.
"We expect investors to be keenly focused on MOS's outlook for CY2013 global potash shipments and commentary on new China/India contracts. MOS is likely to lower its 2013 K shipment forecast (58-60mmt) to be more inline with peers (56-58mmt). We expect new China/India contracts to be signed in CY1Q and to set a new floor for global pricing at $430-440/mt. We also expect management to draw attention to the significant margin opportunity in Phosphates as product prices appreciate and ammonia prices come off peak," said Samuelson.
Goldman Sachs has a Buy rating on Mosaic (NYSE: MOS) with a price target of $68.00.
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 $55.61 yesterday.
"We would be buyers of any weakness around FY2Q results, as we believe challenging near-term P&K market fundamentals are well understood by the street and capital allocation catalysts remain visible in mid-2013," said analyst Adam Samuelson.
"We expect investors to be keenly focused on MOS's outlook for CY2013 global potash shipments and commentary on new China/India contracts. MOS is likely to lower its 2013 K shipment forecast (58-60mmt) to be more inline with peers (56-58mmt). We expect new China/India contracts to be signed in CY1Q and to set a new floor for global pricing at $430-440/mt. We also expect management to draw attention to the significant margin opportunity in Phosphates as product prices appreciate and ammonia prices come off peak," said Samuelson.
Goldman Sachs has a Buy rating on Mosaic (NYSE: MOS) with a price target of $68.00.
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 $55.61 yesterday.
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