Mosaic price target raised to $33 from $30 at Piper Sandler

Piper Sandler raised the firm’s price target on Mosaic (MOS) to $33 from $30 and keeps a Neutral rating on the shares. The trends the firm has identified signal advancing tailwinds, which will likely strengthen grain prices and support higher nutrient prices in their wake. In Piper’s view, these tailwinds are sustainable well beyond the immediate benefit to the shares garnered from the WASDE adjustment.