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Fly News Breaks for May 11, 2018
MOS
May 11, 2018 | 08:10 EDT
As reported earlier, RBC Capital analyst Andrew Wong upgraded Mosaic to Outperform from Sector Perform and raised his price target to $32 from $30. The analyst notes that it is "hard to ignore the improving undercurrents in both phosphate and potash markets". He also sees the company benefiting from stronger agriculture market in Brazil driving greater synergies in its acquired Fertilizantes business.