Canaccord Genuity Downgrades Mosaic (MOS) to Hold
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November 15, 2012 2:24 PM EST
UBS maintained a Buy rating on Mosaic (NYSE: MOS) and trimmed its price target to $65.00 (from $67.00). The cut reflects lower expected normalized potash volumes and margins.
Mosiac believes demand is being deffered rather than destroyed, but the report says volumes may not pick up... More
November 13, 2012 4:17 PM EST
The Mosaic Company (NYSE: MOS) announced today an update of the near-term price and volume guidance, as well as an update of the Company's full year effective tax rate guidance.
Since the Company announced its fiscal second quarter guidance on October 2, 2012, international crop nutrient market demand has weakened, primarily as a result of distributors delaying purchases to avoid price risk. The Company believes this demand is simply delayed, but that sales volumes may not pick up until calendar 2013.
In potash, the delay in signing long-term... More
