CIBC analyst Jacob Bout lowered the firm’s price target on Mosaic to $36 from $40 and keeps a Neutral rating on the shares. The firm is lowering its 2024 estimates slightly to reflect higher than previously forecast turnaround and conversion costs in Q2, offset by slightly higher potash volumes, the analyst says in a Q1 recap note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MOS: