Mosaic price target raised to $34 from $31 at Scotiabank

Scotiabank raised the firm’s price target on Mosaic (MOS) to $34 from $31 and keeps an Outperform rating on the shares. The stock is being held back by a lack of market confidence, inadequate goal posts, a well-telegraphed gameplan, and capex spending is way too high, the analyst tells investors.