BMO cuts Mosaic PT on reduced phosphate margins; shares fall

Shares of fertilizer producer Mosaic Co MOS.N down 2.7% at $25.5

Brokerage BMO Capital Markets cuts price target to $35 from $43

The new PT represents a 33.5% upside to the stock's last close

Brokerage cuts PT as it lowers 2026 earnings estimates on reduced phosphate margins

However, BMO sees "more upside than not" as phosphate prices are closer to stabilization now following a rapid H2 decline to more affordable prices

10 of 20 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $35 - data compiled by LSEG

Up to last close, stock up 6.6% YTD