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Citigroup Upgrades Mosaic - PAGG and MOO Gain

By Market News Video Staff, Wednesday, October 20, 11:07 AM ET
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This morning, Citigroup upgraded shares of Mosaic (NYSE:MOS) from Hold to Buy as pricing and demand for potash is picking up steam. Citigroup set a price target of $78 per share in its report, representing an upside of 16% from the current share price of Mosaic.

Also benefitting from the upgrade are shares of the PowerShares Global Agriculture Portfolio ETF (NASDAQ:PAGG) which is higher by almost 1.9% currently and shares of the Market Vectors Agribusiness ETF (AMEX:MOO) which has gained 1.8%. Mosaic accounts for 8.2% of PAGG and 8.1% of MOO.

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This Article's Word Cloud:   AMEX   Agribusiness   Agriculture   Also   Citigroup   Global   Hold   Market   Mosaic   NYSE   PAGG   Portfolio   PowerShares   This   Vectors   accounts   almost   benefitting   current   currently   demand   from   gained   higher   morning   picking   potash   price   pricing   report   representing   share   shares   steam   target   upgrade   upgraded   upside   which
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