In a report released today, Vincent Andrews from Morgan Stanley maintained a Hold rating on Mosaic Co, with a price target of $33.00.
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Vincent Andrews has given his Hold rating due to a combination of factors impacting Mosaic Co’s financial outlook. One of the primary reasons is the anticipated decrease in phosphate volume sales, as customers defer purchases due to high fertilizer prices. This deferral trend is exacerbated by the tight supply and uncertainty surrounding China’s export decisions, which could significantly influence the global phosphate market.
Additionally, the potash market shows a mixed picture, with international demand remaining robust but domestic demand appearing weaker. The forecasted reduction in Mosaic Fertilizantes volumes reflects challenging market conditions, including poor farmer economics and credit access issues. Furthermore, lower fertilizer prices and increased feedstock costs, along with currency headwinds from the weakening Brazilian Real, contribute to a less optimistic earnings forecast for 2025. These factors collectively justify the Hold rating as they present both risks and opportunities for the company’s future performance.
In another report released on October 3, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $38.00 price target.