Mosaic price target lowered to $22 from $25 at Wells Fargo

Wells Fargo lowered the firm’s price target on Mosaic (MOS) to $22 from $25 and keeps an Equal Weight rating on the shares. The firm remains on the sidelines on headwinds in Phosphate, as it expects pricing tailwinds will be offset by production curtailment and margin pressure from sulfur. While Potash should remain stable, the outlook for Fertilizantes is uncertain, adds Wells.