Mosaic price target lowered to $40 from $45 at RBC Capital

RBC Capital lowered the firm’s price target on Mosaic (MOS) to $40 from $45 and keeps an Outperform rating on the shares. The company’s Q2 results and performance were disappointing, but the firm still sees upside to Mosaic shares given exposure to very elevated phosphate prices and potential for operational improvements in the second half of the year, the analyst tells investors in a research note.