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Fly News Breaks for July 9, 2019
MOS
Jul 9, 2019 | 07:22 EDT
Morgan Stanley analyst Vincent Andrews lowered his EPS estimates for Mosaic ahead of the company's Q2 earnings report, almost entirely due to lower DAP and MAP prices impacting the Phosphate and Mosaic Fertilizantes segments. Given his lowered forecast, Andrews cut his price target on Mosaic shares to $29 from $36. The analyst, who'd previously predicted a recovery in phosphate prices in Q3 that he no longer see as likely, keeps an Equal Weight rating on Mosaic shares.
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