More Potash, More Problems: POT and MOS Downgraded on Pricing Pressure

Mosaic fell on Tuesday following a weaker-than-expected earnings report. Today, Lazard Capital Markets analyst Edlain Rodriguez warned investors not to consider the dip a buying opportunity. Rodriguez downgraded both Mosaic and Potash to Neutral. Potash producers have stockpiled significant inventories — 33% above their five-year average, says Rodriguez — and buyers are in no hurry [...]