Fly News Breaks for December 12, 2019
Dec 12, 2019 | 07:58 EDT
JPMorgan analyst Jeffrey Zekauskas lowered his price target for Mosaic to $16 from $18 saying his EBITDA expectations for 2020 are now appreciably lower versus his previous forecast and also much lower versus consensus expectations. The analyst reduced his 2020 EBITDA forecast for Mosaicto from $1.56B to $1.26B due principally to lower price expectations in phosphate and potash. His estimate is now about 30% below the consensus. Zekauskas keeps an Underweight rating on Mosaic shares.
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