Mosaic upgraded to Overweight from Underweight at Barclays

Barclays double upgraded Mosaic to Overweight from Underweight with a price target of $42, up from $40. After a volatile Q3 and relative underperformance of potassium versus and nitrogen, the firm switched Americas agribusiness recommendations and double-upgraded Mosaic and Nutrien given their potassium exposure, while upgrading ICL Group to Ove weight as well. The analyst downgraded CF Industries to Unweight given its recent relative outperformance, and lower Corteva to Equal Weight due to its persistent destocking overhang.