Mosaic price target raised to $32 from $30 at Berenberg

Berenberg raised the firm’s price target on Mosaic (MOS) to $32 from $30 and keeps a Hold rating on the shares. Mosaic’s Q3 results included both sales and adjusted EBITDA below consensus, driven by lower than expected results in the potash and fertilizer segments, partly offset by a strong beat in the phosphate segment, the analyst tells investors in a research note.