BofA raised the firm’s price target on Mosaic to $51 from $50 and keeps a Buy rating on the shares. While the firm’s Mosaic estimates are “moving another leg down” as better-than-expected phosphate performance was more than offset by a deeper trough in potash, BofA sees potash troughing, the analyst tells investors in a post-earnings note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MOS: