Scotiabank lifts Mosaic rating to 'sector outperform'
ReutersFeb 2, 2026 1:55 PM
Brokerage Scotiabank raises rating on fertilizer company Mosaic MOS.N to "sector outperform" from "sector perform"
Shares of the company rise 1% to $27.80 premarket
Brokerage says China may add sizeable urea exports into a weak summer market, while Iran remains the main wildcard
"Phosphate stripping margins appear to be bottoming as demand normalizes, and strong potash affordability keeps markets firm for now, but new second‑half production and softer demand could cap further price gains" - Scotiabank
10 of 20 brokerages rate the stock "buy" or higher, 10 "hold" - LSEG data
MOS fell 1.18% in 2025
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