Mosaic Co Shares Jump Amid Scotia Capital Upgrade

Scotia Capital upgraded Mosaic Co (NYSE: MOS) to Sector Outperform on Monday.

Shares of Mosaic jumped 2 percent amid the upgrade.

Analyst Ben Isaacson indicated that fertilizer stocks are at a reasonable valuation and represent an opportunity for investors who can handle some volatility.

Even though Isaacson thought overall fertilizer demand will take a hit next year, the stocks are able to "snap back" quickly with the agricultural cycle.

Morgan Stanley recently reiterated an Equal-Weight rating on the company.

Mosaic Co. recently traded at $41.35, up 1.5 percent.