Mosaic upgraded to Equal Weight from Underweight at Barclays

Barclays analyst Benjamin Theurer upgraded Mosaic to Equal Weight from Underweight with a price target of $54, up from $52. Global agriculture markets "remain tight," and while record earnings from 2022 won’t be repeated in 2023, there is "enough buckets of opportunities" in the broader seed, fertilizer and ag processing space, the analyst tells investors in a research note. The firm cites the latest industry data and a pullback in the stock for the upgrade of Mosaic.