Stifel Nicolaus Upgrades MOS To Buy

Stifel Nicolaus, citing lower risk and share prices, has upgraded its rating on The Mosaic Company (NYSE: MOS) from Hold to Buy.

In the report, Stifel Nicolaus writes, “After Thursday's market close, The Mosaic Company (Mosaic) announced its secondary offering of 100 million shares of common stock had been priced at $65 per share. This disclosure removed the pricing risk related to this first tranche of stock being sold by Cargill, Inc. stockholders and certain debt holders. This sale had been overhanging Mosaic's share price ever since the "Split-Off" transaction between Cargill and Mosaic was announced.”

Stifel Nicolaus has placed a price target of $77.50 on the stock.

MOS closed Friday at $65.42.