Mosaic price target lowered to $54 from $60 at Mizuho

Mizuho lowered the firm’s price target on Mosaic to $54 from $60 and keeps a Buy rating on the shares. Despite Q1 volatility, investor skepticism on agriculture markets appears to be driven by fertilizer price uncertainty, not necessarily global crop fundamentals, the analyst tells investors in a research note. The firm reduced estimates across the nutrients space.