J.P. Morgan Maintains Overweight on Mosaic

J.P. Morgan is out with its report today on Mosaic MOS, maintaining Overweight. In a note to clients, J.P. Morgan writes, "We rate Mosaic shares Overweight. Mosaic is a global leader in two primary agricultural nutrients: phosphate and potash. Both of these businesses have favorable business characteristics because of consolidated industry structures. Low stocks to use ratios and high grain prices provide a favorable demand and pricing climate for these nutrients." Shares of MOS closed Thursday at $66.08, down 1.28% from Wednesday's close.