CIBC lowered the firm’s price target on Mosaic (MOS) to $32 from $34 and keeps a Neutral rating on the shares. The firm says the company’s phosphate performance is lacking consistency. It reduced estimates post the earnings report. Mosaic needs improved execution to narrow its multiple gap with peers, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MOS: