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Mosaic (MOS) Stock Slides, Downgraded at Vertical Research

NEW YORK (TheStreet) -- Shares of Mosaic (MOS) were slumping in late-morning trading on Wednesday as Vertical Research cut its rating on the stock to "sell" from "hold," the Fly reports.

The firm now sees 24% total downside to its $22 price target, including the 3.6% dividend.

Vertical Research also expects a potential Agrium (AGU) and Potash (POT) merger to pressure Mosaic's domestic potash shipments, the Fly noted.

Yesterday, Mosaic stock spiked after Agrium confirmed it...