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Morgan Stanley Believes Strategic Shift In Phosphate Could Trump Negative Preannouncement For Mosaic Co

In a report published Wednesday, Morgan Stanley analyst Vincent Andrews reiterated an Equal-Weight rating on Mosaic Co (NYSE: MOS).

In the report, Morgan Stanley noted, “Mosaic did two things today, the latter potentially more important than the former: 1) It indicated that 3Q phosphate and potash volume will be at the low end of guidance, though prices will still be at or near the midpoint; and 2) It announced that it is proactively reducing its operating rates in phosphate because of high ammonia and sulfur input costs relative to finished phosphate fertilizer output prices. While the market clearly focused on the potential negative earnings implication of the former, we wonder whether it is missing the beginning of a much more impactful narrative in phosphate.”

Mosaic Co closed on Tuesday at $44.41.

Latest Ratings for MOS

Sep 2014

RBC Capital

Downgrades

Outperform

Sector Perform

Sep 2014

Cowen & Company

Maintains

Market Perform

Aug 2014

BGC Partners

Downgrades

Hold

Sell

View More Analyst Ratings for MOS
View the Latest Analyst Ratings

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