Fertilizer giant The Mosaic Company ( MOS ) on Wednesday saw its shares upgraded by analysts at Ticonderoga Securities.
The firm said it boosted its rating on MOS from "Neutral" to "Buy" with an $80 price target. That target suggests a 31% upside to the stock's Tuesday closing price of $60.93.
Ticonderoga noted the move was a valuation call, as the stock has underperformed versus its peers - and the wider market - since the beginning of 2011.
Mosaic shares fell 48 cents, or -0.8%, in premarket trading Wednesday.
The Bottom Line
Shares of Mosaic ( MOS ) have a .33% dividend yield, based on last night's closing stock price of $60.93. The stock has technical support in the $56-$60 price area. If the shares can firm up, we see overhead resistance around the $65 price level.
The Mosaic Company ( MOS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com