|Over a week ago|
Mosaic downgraded to Neutral from Buy at Citi » 06:0210/2110/21/20
Citi analyst P.J. Juvekar…
Citi analyst P.J. Juvekar downgraded Mosaic to Neutral from Buy with a price target of $20.50, down from $23. The analyst sees limited upside in a base case of 25% duties levied by the Department of Commerce on Morocco/Russia. With phosphate price upside "likely capped," Juvekar moves to the sidelines on Mosaic shares. The duties have effectively eliminated Morocco/Russia imports, "and the world trade balance is now sorting itself out," says the analyst.
Mosaic price target raised to $25 from $20 at RBC Capital » 06:4610/1410/14/20
RBC Capital analyst…
RBC Capital analyst Andrew Wong raised the firm's price target on Mosaic to $25 from $20 and keeps an Outperform rating on the shares ahead of its Q3 results. The company should continue to benefit from positives that include improved phosphate market conditions, stabilized potash markets, and continued strength in the Brazil ag sector, the analyst tells investors in a research note. Wong further cites his confidence in Mosaic's cost savings initiatives that have been recently highlighted at the company's analyst day event.
|Over a month ago|
Early notable gainers among liquid option names on September 23rd » 09:5509/2309/23/20
WDC, NKE, UA, RRC, MOS
Notable gainers among…
Notable gainers among liquid option names this morning include Western Digital (WDC) $40.66 +4.20, Nike (NKE) $127.39 +10.53, Under Armour (UA) $9.99 +0.47, Range Resources (RRC) $7.71 +0.34, and Mosaic (MOS) $18.86 +0.81.
Mosaic upgraded to Buy from Neutral at Cleveland Research » 09:3309/2309/23/20
As previously reported,…
As previously reported, Cleveland Research analyst Mike Piken upgraded Mosaic to Buy from Neutral with a $23 price target after his research suggested that many U.S. retailers are expecting a higher than normal fall application season for potash and are not anticipating too much of a drop off in domestic phosphate usage. His research also indicates that Brazilian farmers are investing heavily in ag inputs for this year's upcoming soybean crop, the analyst noted.
Mosaic upgraded to Buy from Neutral at Cleveland Research » 09:3209/2309/23/20
Cleveland Research analyst Mike Piken upgraded Mosaic to Buy from Neutral.
Deteriorating crop conditions positive for fertilizers, says Susquehanna » 10:2709/1509/15/20
CF, NTR, CTVA, FMC, MOS
A continued deterioration…
A continued deterioration in crop conditions should tighten the supply/demand for the grain market and support prices and grower margins, Susquehanna analyst Sandy Klugman told investors earlier in a research note. This is a positive development for CF Industries (CF), Mosaic (MOS), Nutrien (NTR), Corteva (CTVA) and FMC Corporation (FMC), contends the analyst. Klugman points out that the United States Department of Agriculture reduced the percentage of the U.S. corn crop rated Good-to-Excellent by 1% worldwide to 60% and soy's rating declined by 2% to 63%. The emergence of frost conditions in North Dakota last week was the main driver of the decline in ratings, says the analyst, who has Positive ratings on CF, Corteva, FMC, Mosaic and Nutrien.
Mosaic announces 741K tons of potash sold in August versus 755K tons last-year » 17:0909/1409/14/20
The Mosaic Company…
The Mosaic Company announced its August 2020 sales revenue and sales volumes by business unit. The company sold 741K tons of potash in August 2020 compared to 755K tons in August 2019.
Fly Intel: Top five analyst downgrades » 10:1509/0209/02/20
DAL, AAL, DAO, MOS, SCVL, SID
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Delta Air Lines (DAL) was downgraded to Hold from Buy at Berenberg, while American Airlines (AAL) was downgraded to Sell from Hold. 2. Youdao (DAO) downgraded to Neutral from Outperform at Credit Suisse. 3. Mosaic (MOS) downgraded to Hold from Buy at VTB Capital. 4. Shoe Carnival (SCVL) downgraded to Neutral from Buy at Sidoti. 5. CSN (SID) downgraded to Sell from Neutral at UBS with analyst Andreas Bokkenheuser citing the deteriorating fundamentals and expensive valuation for Brazilian steel names amid a local investor flight to USD-exposed equities, iron ore price strength, and domestic price hikes as headwinds for the company, along with freight cost inflation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Mosaic downgraded to Hold from Buy at VTB Capital » 07:2209/0209/02/20
VTB Capital analyst Elena…
VTB Capital analyst Elena Sakhnova downgraded Mosaic to Hold from Buy with an unchanged price target of $20.
Mosaic call volume above normal and directionally bullish » 12:2508/2808/28/20
Bullish option flow…
Bullish option flow detected in Mosaic with 8,279 calls trading, 2x expected, and implied vol increasing over 1 point to 52.48%. 9/4 weekly 19 calls and Jan-22 20 calls are the most active options, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 0.14. Earnings are expected on November 2nd.