JPMorgan analyst Jeffrey Zekauskas upgraded Mosaic to Overweight from Neutral and raised his price target for the shares to $30 from $26. The company's reduced phosphate production in the U.S. has created a positive price dynamic, Zekauskas tells investors in a research note. The analyst expects Mosaic's free cash flow generation to increase from 3.6% for 2018 to 6.1% of its share price for 2019. Zekauskas adds that if the China export pattern were to continue, annual production from China could decrease as much as 3M tons, which would tighten the 65M ton phosphate market.