Credit Suisse Initiates Coverage On Mosaic, Sees Notable Upside
Credit Suisse analyst John Roberts initiated coverage of Mosaic Co (NYSE: MOS ) with an Outperform rating and a price target of $60, implying an upside of 37%. The analyst mentions that MOS is not exposed to the hydrocarbon-based nitrogen market. Roughly ~40% of 2022e EBITDA is from phosphate, in which supply growth is decelerating. He added that MOS also has 50% of sales in Brazil, the fastest … Full story available on Benzinga.com
Credit Suisse Initiates Coverage On Mosaic, Sees Notable Upside
Credit Suisse analyst John Roberts initiated coverage of Mosaic Co (NYSE: MOS ) with an Outperform rating and a price target of $60, implying an upside of 37%. The analyst mentions that MOS is not exposed to the hydrocarbon-based nitrogen market. Roughly ~40% of 2022e EBITDA is from phosphate, in which supply growth is decelerating. He added that MOS also has 50% of sales in Brazil, the fastest … Full story available on Benzinga.com