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Fly News Breaks for November 7, 2018
MOS
Nov 7, 2018 | 08:28 EDT
Stephens analyst Mark Connelly said the synergies from Mosaic's "controversial" Brazil acquisition are coming "faster and higher" and the deleveraging following the deal is "essentially complete" about 2 years sooner than expected. In addition, both phosphate and potash markets are getting stronger, Connelly tells investors. Given all of this, he raised his 2018 EPS and EBITDA forecasts and raised his price target to $45 on Mosaic shares, on which he keeps an Overweight rating.