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Fly News Breaks for October 14, 2015
MOS, AGU
Oct 14, 2015 | 08:51 EDT
Cowen said Mosaic (MOS) and Agrium (AGU) are the best positioned companies in the fertilizer group, citing their earnings leverage. The firm said the integration of retail and wholesale segments will help Agrium, while Mosaic will benefit from falling ammonia costs, a phosphate market that is less stressed by new capacity and a solid balance sheet. Cowen maintained its Market Perform rating and $100 price target on Agrium shares and Market Perform rating and $36 price target on Mosaic shares.
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