This morning, BMO Capital reduced its EPS estimates on shares of Mosaic (NYSE:MOS) through 2015 as phosphate and potash earnings will remain depressed. In the report, BMO maintained its market perform rating and set a new $41 price target. Shares of Mosaic were lower by 0.6% on the news.
And Canaccord Genuity downgraded shares of Diamondback Energy (NASDAQ:FANG) to a hold rating citing valuation. Shares have more than doubled so far this year, reducing the risk/reward profile for the stock. Shares of Diamondback Energy were higher by 0.5% despite the downgrade.
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