Standpoint Research Downgrades Mosaic (MOS) to Hold; Lock In Gains

Standpoint Research downgraded Mosaic (NYSE: MOS) from Buy to Hold.

Analyst, Ronnie Moas, said, "Mosaic shares have jumped 20% and outperformed the S&P-500 by 1500 bps since June 4 and are + 900 bps versus the S&P-500 since our recommendation in early Q2. Because of my concerns with regards to the near-term market risk-reward I have decided to sell into today’s strength and drop a high-beta name that looks a bit over-extended. Our 2013-2014 price target for MOS remains in the low $60s."

For an analyst ratings summary and ratings history on Mosaic click here. For more ratings news on Mosaic click here.

Shares of Mosaic closed at $54.44 yesterday.

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