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Mosaic price target raised to $35 from $28 at Wells Fargo

Wells Fargo analyst Richard Garchitorena raised the firm’s price target on Mosaic (MOS) to $35 from $28 and keeps an Equal Weight rating on the shares. The firm cites higher potash volumes and prices. However, Wells stays on the sidelines as current valuation largely reflects the improved 2025 outlook.

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