Mosaic Co (MOS) got downgraded

Mosaic Co (NYSE:MOS) received a stock rating downgrade from CIBC on Apr-04-16. In a note to investors, the firm issued a Sector Underperform rating. The analysts previously had a Sector Perform rating on the stock.

Analysts have a consensus target price of $ 29.14 in the 12-month period. The price objective is 12.90% higher than the recent closing price of $ 25.81. The 52-week price range is $ 21.79 – 46.18 and the company has a market capitalization of $ 9.15B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 7 has assigned a hold rating, 2 says it’s a buy, and 2 have assigned a strong buy rating to the company.

Mosaic Co (MOS) on March 30, 2016 announced that it has signed a Strategic Alliance with FutureBrand Argentina, the leading brand strategy & design consultancy.

This global strategic alliance will enable MOBI724 to further expand its business and operations into 5 additional countries in Central and South America. The expansion will commence in Colombia where a leading processor is committed to market MOBI724 solutions. The additional countries are: Chile, Peru, Mexico and Argentina, where FutureBrand has offices and operations. MOBI724’s ability to provide mobility and traceability to payment card issuers and retailers, combined with FutureBrand’s market leadership will allow the joint venture to deliver and monetize MOBI724’s seamless payment card link @ POS transaction and digital marketing solutions.

Marcel Vienneau – CEO of MOBI724 stated “This partnership with FutureBrand Argentina illustrates a great opportunity for MOBI724, and will enable us to quickly expand our solutions deployment in Central and South America. Impressive results were attained at recent partnership meetings due to the dynamic efforts from FutureBrand and their eco-system, in positioning MOBI724’s solutions as unique and innovative solutions. We plan to develop a strong partnership to leverage both companies’ core competencies in this fast growing market

“We are very happy to engage with MOBI724 in this strategic alliance, which will enable us to enhance our digital offering and become market leaders in the digital couponing and incentives market in the countries where we operate.” says Luis Rey, Managing Partner FutureBrand Spanish Latin America.

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