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Stock impact report

Mosaic (MOS) Drops 9.96% as BofA Turns ‘Neutral' [Yahoo! Finance]

Mosaic Company (The) (MOS) 
Last mosaic company (the) earnings: 2/19 04:42 pm Check Earnings Report
US:NYSE Investor Relations: investors.mosaicco.com
Company Research Source: Yahoo! Finance
The Mosaic Company fell for a third day on Friday, slashing 9.96 percent to close at $23.59 apiece, as investors took path from Bank of America's (BofA) downgraded rating for its stock amid the impact of the ongoing tensions in the Middle East. In a market note, BofA turned neutral for The Mosaic Company (NYSE:MOS), after issuing a “buy” recommendation previously, citing inflation in raw materials due to the Iran war. While BofA remains bullish about the phosphates market, with prices expected to remain elevated over time, the war in the Middle East could cause inflationary pressures on sulfur and ammonia, which could dent The Mosaic Company's (NYSE:MOS) earnings growth and cash flow moving forward. In other news, The Mosaic Company (NYSE:MOS) earlier this month announced efforts to ramp up expansion into rare earths production with its planned development of the Uberaba mine site in Brazil. Mosaic (MOS) Drops 9.96% as BofA Turns 'Neutral' Pixabay/Public Domain The initia Show less Read more
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