Barclays analyst Benjamin Theurer maintains $The Mosaic (MOS.US)$ with a buy rating, and adjusts the target price from $32 to $30.
According to TipRanks data, the analyst has a success rate of 52.6% and a total average return of 4.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Mosaic (MOS.US)$'s main analysts recently are as follows:
The reduction in the target price for Mosaic is attributed to the forecasted impact of hurricanes in Q3 and Q4. Although there is an anticipation of robustness in nitrogen, potash volume, and phosphate pricing, concerns regarding dry conditions in Brazil and hurricane repercussions in the U.S. are also noted.
The sentiment that now is not an opportune moment to hold a positive stance on fertilizer stocks persists. The agriculture sector is facing ongoing challenges with falling crop prices, which are expected to adversely affect farmers' earnings, prompting a shift towards cost reduction rather than revenue maximization. This environment is likely to pose difficulties for any potential increase in fertilizer prices, thereby potentially limiting earnings growth.
Note:
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