CIBC analyst Hamir Patel raised the firm’s price target on Mosaic (MOS) to $33 from $32 and keeps a Neutral rating on the shares following the Q1 report. Although Mosaic has benefited from stronger phosphate markets over the past year, CIBC expects phosphate prices to moderate over 2025 and 2026, the analyst tells investors in a research note. The firm adds that phosphate shipments have yet to meet the company’s run-rate target.
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