MOS, POT, HOT Plummeted after Downgrades

Soleil Securities downgraded shares of Potash (POT) and Mosaic (MOS) from Buy to Hold. The firm sees a slower demand recovery than originally expected and has revised its price targets lower for each company. Potash's price target was reduced sixteen percent from $105 per share down to $88, while Mosaic's was lowered fourteen percent from $65 per share down to $56.

Potash Corp./Saskatchewan (USA) (NYSE: POT) is currently trading down 5.15% to $92.15 on very unusual volume of 7.70 million shares. While The Mosaic Company (NYSE: MOS) has corrected 5.12% to $51.47 with 3.65 million shares being traded till now.

Moreover, Wells Fargo downgraded Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) the firm lowered its rating on the hotel chain to Underperform citing valuation. The stock is currently down 3.49% at $32.90 on 1.81 million shares.