Goldman sees 30% upside in this fertilizer stock from the Russia-Ukraine agricultural shock
Mosaic will see huge gains ahead because of material fertilizer shortages from the Russia-Ukraine conflict, according to Goldman Sachs. Analyst Adam Samuelson upgraded the Mosaic to buy from neutral, saying in a note to clients on Tuesday that disruptions to fertilizer components will result in steep price increases to production costs in the food and agriculture sector. The firm issued a 12-month price target of $83, representing 34% upside potential. "MOS' position as the fourth largest global K producer and current market strength should support much higher EBITDA and FCF generation in the current environment," Samuelson wrote. Goldman Sachs said it now has buy ratings on all three large-cap fertilizer companies in its coverage, including Mosaic. The other companies are Canadian company Nutrien and CF Industries Holdings . Shares for Mosaic are up 48% year to date. — CNBC's Michael Bloom contributed to this report.

Grain farmer Jim Niewold inspects corn plants on his farm, with grain bins at rear where some of last year's crop remains in storage because all of his end markets have been affected by the coronavirus disease (COVID-19) pandemic, in Loda, Illinois, June 18, 2020. Nick Carey | Reuters