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Fly News Breaks for September 20, 2019
MOS
Sep 20, 2019 | 09:45 EDT
To reflect the impact of weaker phosphate and potash pricing and profitability, Cleveland Research analyst Mike Piken lowered his 2019 earnings per share estimate for Mosaic to 96c from $1.22, which sits 23c below the consensus. The analyst is surprised that Mosaic didn't lower its fiscal 2018 guidance at a recent conference where it announced its phosphate production cut. Piken, who still sees "plenty of growth opportunities" for Mosaic, keeps a Neutral rating on the shares.