Mosaic (MOS) PT Lowered to $25 at Cowen; Shares Undervalued

August 28, 2019 10:37 AM EDT
Get Alerts MOS Hot Sheet
Price: $31.20 +2.33%

Rating Summary:
    17 Buy, 14 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 11 | New: 18
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Cowen analyst Charles Neivert lowered the price target on Mosaic (NYSE: MOS) to $25.00 (from $30.00) while maintaining a Outperform rating.

The analyst commented, "Ag sector fundamentals will remain constructive at least through 2020, based on this year’s poor corn crop. We see the upcoming fall application season signaling improving volume and pricing for fertilizers in 2020. MOS shares are down about 30% since July 31 and offer a relatively inexpensive entry into this sector. Our PT of $25 (prior $30) represents 40% upside from the current share price."

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