Monday, May 23, 2011

Green on the Screen: Stifel Nicolaus Upgrades The Mosaic CompanyTo Buy; JPMorgan Says "Overweight" (MOS)

With the markets down 1.1% MOS is trading up 62 cents at $66.04.
From Benzinga:
J.P. Morgan is out with its report today on The Mosaic Company (NYSE: MOS), upgrading MOS from Neutral to Overweight.

In a note to clients, J.P. Morgan writes, "We are upgrading Mosaic to an Overweight rating now that we are no longer restricted. Rising potash and healthy DAP prices provide the basis of strong earnings growth for calendar 2011. Opportunities stemming from sales of 1 million tons of potash that were previously provided at cost to Potash Corp and possible stability in DAP prices due to a healthy demand environment despite the Ma'aden capacity addition represent opportunities in excess of our forecasts. The balance sheet is in a net cash position, Mosaic generates good free cash flow, and the overhang of its 100 million share equity offering is behind it and the fertilizer sector generally."
J.P. Morgan lowers its PT from $77 to $74.
Stifel Nicolaus, citing lower risk and share prices, has upgraded its rating on The Mosaic Company (NYSE: MOS) from Hold to Buy....MORE
See also last Friday's "Follow-up: "Mosaic: Upgraded to Positive from Neutral at Susquehanna" (MOS)":
The earlier "Mosaic Announces Pricing of Secondary Offering, Susquehana Says "BUY", Charity Scores $4 Billion (MOS)" had a snippet from Notable Calls, here's more.

The stock is down 85 cents at $65.46.

A great day to buy some calls!
(Susquehanna's parent company, Susquehanna International Group is probably the largest privately held options trading firm in the world.*)
Notable Calls brings it on home...