Mosaic (MOS) PT, Estimates Raised at BofA/Merrill Lynch following Q2 Results

BofA/Merrill Lynch analyst Kevin McCarthy bumped estimates and his price target on Buy-rated Mosaic (NYSE: MOS) to $55.00 (from $54.00) following Q2 results citing strong demand plus modest price.

"Mosaic's results and outlook suggest that fertilizer demand is likely to remain strong in 2H14 (potash is sold out for 3Q), " McCarthy said.

The firm raised 2014 estimate by $0.05, to $2.85, followed by $3.75E in 2015, on higher potash volumes, prices and margins.

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 $46.04 yesterday.

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