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Fly News Breaks for March 16, 2016
MOS, POT
Mar 16, 2016 | 07:47 EDT
UBS raised its price target on both Potash (POT) and Mosaic (MOS) as investor sentiment in the chemicals and agriculture space improve and a market bottom seems to be in sight. The firm said fertilizer prices declined significantly due to oversupply, but with better management and a focus on the spring planting season in China, both companies are well positioned and offer upside opportunities. UBS raised its price target on Mosaic to $32 from $28 and on Potash to $21 from $16 and reiterated its Buy rating on both stocks.
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