Mosaic fundamentals near a bottom, says Goldman Goldman recommends buying Mosaic on any weakness following it Q2 report on January 4. The firm believes challenging fundamentals are understood by investors and that 2013 has visible catalysts that include new China/India contracts in Q1 and margin opportunities in Phosphates. Shares are Buy rated with a $68 price target.
JPMorgan cuts targets for Mosaic and Potash but still sees value JPMorgan analyst Jeffrey Zekauskas says weakening demand and price trends for potash does not bode well for the China and India contracts for 2016. The analyst reduced his earnings expectations for Potash (POT) and Mosaic (MOS), but keeps Overweight ratings on both citing their "value characteristics." He cut his price target for Potash to $26 from $34 and for Mosaic to $40 from $52.