Mosaic price target lowered to $73 from $75 at JPMorgan

JPMorgan analyst Jeffrey Zekauskas lowered the firm’s price target on Mosaic to $73 from $75 and keeps an Overweight rating on the shares post the Q3 results. Mosaic’s "sizeable" cash flow is being directed toward its shareholder base, and the company expects to meet its target leverage in November with the pay down of a $550M debt tranche, Zekauskas tells investors in a research note.