Analyst Joel Jackson from BMO Capital reiterated a Buy rating on Mosaic Co (MOS – Research Report) and keeping the price target at $44.00.
Joel Jackson has given his Buy rating due to a combination of factors that highlight Mosaic Co’s potential for growth. Despite the company’s ambitious operational and commercial targets, which aim for a significant increase in EBITDA by 2027, Jackson believes that even partial achievement of these goals would result in earnings surpassing current consensus expectations.
Mosaic Co’s strategic initiatives, such as improving plant reliability and optimizing production processes, are expected to contribute significantly to their EBITDA growth. Furthermore, the company’s plans to enhance its product offerings and expand its market presence, particularly in China and India, are seen as promising. Jackson also notes that the current valuation of Mosaic Co’s stock is attractive given the potential upside from these strategic efforts, reinforcing his Buy recommendation.
In another report released today, Barclays also upgraded the stock to a Buy with a $33.00 price target.
MOS’s price has also changed slightly for the past six months – from $25.880 to $27.200, which is a 5.10% increase.