JPMorgan analyst Jeffrey Zekauskas upgraded Mosaic to Overweight from Neutral while lowering his price target for the shares to $27 from $33. Following the stock's underperformance on a one, three, five, and ten year period, Mosaic shares now offer a favorable risk/reward balance, Zekauskas tells investors in a research note. Mosaic's approach to value creation is now simpler, and its 2019 performance is "probably anomalously low, which we think creates a positive trading opportunity," says the analyst. He expects Mosaic's free cash flow yield to approach 12% in 2020. At current trading levels, Mosaic is the most inexpensive of the fertilizer companies by a "wide margin," according to Zekauskas.