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Mosaic price target raised to $30 from $28 at RBC Capital

RBC Capital raised the firm’s price target on Mosaic (MOS) to $30 from $28 and keeps a Sector Perform rating on the shares. The company has an ambitious plan to improve operations, re-allocate capital, and grow long-term, but these improvements will likely take time, the analyst tells investors in a research note. The market will need to see signs of operational improvements before ascribing a valuation re-rate, though there is potential upside if phosphate prices remain elevated and Mosaic can execute well, RBC adds.

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