Mosaic price target lowered to $32 from $39 at Barclays

Barclays analyst Benjamin Theurer lowered the firm’s price target on Mosaic to $32 from $39 and keeps an Overweight rating on the shares. The analyst believes the market “still has to become acquainted with” lower potash pricing. The firm expects strong volumes in all Mosaic’s segments, with “fierce” pricing in phosphates, while in fertilizantes and potash, it foresees some softness verses its prior estimates