RBC Capital analyst Andrew Wong raised the firm’s price target on Mosaic (MOS) to $28 from $27 and keeps a Sector Perform rating on the shares. The firm is encouraged by Mosaic’s plans to improve operations and realize value from the company’s assets, the analyst tells investors in a research note. There is potential for significant unlocked value that could help shares re-rate higher if these plans can be executed well and phosphate prices remain elevated for longer than expected, the firm added.
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