Replies to post #346073 on Option Millionaires

[jimmybob]

Mosaic price target raised to $33 from $28 at Scotiabank
Scotiabank analyst Ben Isaacson raised the firm's price target on Mosaic (MOS) to $33 from $28 and keeps a Sector Perform rating on the shares. The Street will need to revisit Mosaic's 2021 EBITDA outlook with potash hitting fresh highs and news that India will more than double its di-ammonium phosphate subsidy, "almost certainly preventing demand destruction," Isaacson tells investors in a research note. The analyst is "becoming increasingly confident" that the Street's $2.7B estimate is too low. Further, Isaacson thinks now is the time for Vale (VALE) to monazite its 34.2M Mosaic common shares. The analyst believes Mosaic has "ample" free cash flow to buy back Vale's 9% stake