Mosaic price target lowered to $35 from $36 at Scotiabank

Scotiabank lowered the firm’s price target on Mosaic (MOS) to $35 from $36 and keeps an Outperform rating on the shares. FY25 “wasn’t great” for the company, with high input costs, volume setbacks, and a profit margin that “imploded,” the analyst tells investors. The firm notes, however, its recent upgrade on the stock is due to the profit being structurally tighter, profit volume expectations have been reset, and free cash flow should improve fundamentals.