RBC Capital analyst Andrew Wong raised the firm’s price target on Mosaic (MOS) to $28 from $27 and keeps a Sector Perform rating on the shares. The firm is encouraged by Mosaic’s plans to improve operations and realize value from the company’s assets, the analyst tells investors in a research note. There is potential for significant unlocked value that could help shares re-rate higher if these plans can be executed well and phosphate prices remain elevated for longer than expected, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MOS:
- Balanced Hold Rating for Mosaic Co. Amid Mixed Financial Outlook and Revised Forecasts
- Mosaic call volume above normal and directionally bullish
- Unusually active option classes on open March 3rd
- Mosaic price target lowered to $31 from $34 at Scotiabank
- Mosaic price target lowered to $28 from $29 at Mizuho