Citing the support for corn prices of over $5 a bushel, Morgan Stanley (NYSE:MS) said they like the overall agriculture sector, and believe Monsanto (NYSE:MON), Potash Corp. (NYSE:POT) and Mosaic (NYSE:MOS) are undervalued.
With China changing their tariff policy lately, Morgan Stanley also sees the possibility of the price of fertilizer rising soon.
Morgan says corn prices should retain support over $5 a bushel, with earnings for 2011 and 2012 reaching $2.01 a bushel, an increase from the $1.52 a bushel generated in 2010-2011.
Tuesday, November 9, 2010
Morgan Stanley (NYSE:MS) Going Bull on Monsanto (NYSE:MON), Potash (NYSE:POT) and Mosaic (NYSE:MOS)
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