Mosaic is also downgraded to 'neutral,' and Michael Kors is initiated with an 'outperform.'
Distributors are deferring purchases, notes Mosaic, on the hope that supply will increase and prices may subsequently drop.
The country is reportedly preparing to ask for aid. US home prices rise. GM and Chrysler post sales gains, but Ford's sales are flat. MetroPCS soars on a deal rumor. PetSmart will replace Sunoco in the S&P 500.
This summer's record drought sent some commodity prices soaring, but a retreat in recent weeks leaves a few stocks ready for harvest.
Eli Lilly is upgraded to 'overweight,' and GlaxoSmithKline is downgraded to 'neutral.'
LyondellBasell is downgraded to 'neutral,' and Mosaic is initiated with a 'hold.'
Roche is upgraded to 'overweight,' while GlaxoSmithKline is downgraded to 'underweight.'
VIDEO ON MSN MONEY
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
TOP STOCKS
In the never-ending contest for sales, American carmakers are pulling ahead.
MARKET DISPATCHES
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
FRUGAL COOL
Starting Monday, this site is joining forces with MSN Money Smart Spending. Here's why.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
SMART SPENDING
Take an extra step before donating to a charity that claims to be helping tornado victims: Research them first.
SMART TAXES
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.
