Barclays analyst Benjamin Theurer upgraded Mosaic to Equal Weight from Underweight with a price target of $54, up from $52. Global agriculture markets "remain tight," and while record earnings from 2022 won’t be repeated in 2023, there is "enough buckets of opportunities" in the broader seed, fertilizer and ag processing space, the analyst tells investors in a research note. The firm cites the latest industry data and a pullback in the stock for the upgrade of Mosaic.
Published first on TheFly
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Read More on MOS:
- Mosaic price target lowered to $100 from $110 at RBC Capital
- Mosaic downgraded to Neutral from Overweight at JPMorgan
- Mosaic reports January, February revenues, sales volumes
- Mosaic call volume above normal and directionally bullish
- Mosaic price target raised to $69 from $65 at BofA
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