Mosaic upgraded to Overweight from Equal Weight at Barclays

Barclays analyst Benjamin Theurer upgraded Mosaic (MOS) to Overweight from Equal Weight with a price target of $33, up from $27, following the investor day. The company outlined capital reallocation and growth plans as well as the guidance to more normalized production costs and increased market access, the analyst tells investors in a research note. Barclays now sees a “better runway to reduced volatility and higher profits” for Mosaic.