Mosaic price target lowered to $28 from $29 at Mizuho

Mizuho lowered the firm’s price target on Mosaic (MOS) to $28 from $29 and keeps a Neutral rating on the shares following the Q4 report. The firm says favorable crop outlook and production curtailments are pushing potash prices higher in the near term. However, it believes a lack of earnings growth and limited prospects for sustained higher fertilizer prices will weigh on Mosaic investor sentiment.